The music giant is taking an additional 100,000 square feet at Silverstein’s brand new office tower.
Back in February, Spotify chose Silverstein Properties‘ 4 World Trade Center for its new 378,000 square foot headquarters in New York City. Most recently, the music giants executed their lease option to take on an additional 100,000 square feet, bringing the building to 100% occupancy. The asking rent for this space was $85 per square foot. However, Spotify was able to take advantage of an $11 million rent reduction over the course of the lease for taking advantage of the State of New York’s incentive program keeping 800 jobs and adding 1,000 new ones. In addition, Spotify will retain its 100,000 square feet at 620 Avenue of the Americas.
Wingate Hughes’ Former Space Available for Sublease at
By Jon Glass | February 28, 2018
3,000 SF Sublease with Term Through June 2020 Perfect for Tech/Start-Up Companies A large portion of the spaces featured here on the Washington, DC page of TechOfficeSpaces.com have been designed by Wingate…
Savills North America | 399 Park Avenue | 11th Floor | New York, NY 10022