Silverstein Properties’ 4 World Trade Center Successfully Leased

Over the past several months, Spotify’s move has been highly anticipated throughout the TAMI industry. Finally, they have opted to move headquarters to Silverstein Properties’ 4 World Trade Center and will have the opportunity to call this new skyscraper home for the next 15 years. Taking roughly 378,000 square feet at the top of the tower, 4 World Trade Center is officially fully leased. Currently located at 620 Avenue of the Americas in roughly 140,000 square feet, Spotify felt that the opportunity to keep its current employees as well as grow its headcount by 1,000 didn’t exist in Midtown. With 35,000 square foot floor plates, the building has done a great job of catering itself towards innovative companies including SNY, PadillaCRT and Hudson River Trading.

Time and time again, tech, advertising, media, information, and creative firms have been dissatisfied with the product in midtown resulting in a south and west migration towards Midtown South, Hudson Yards, or the Financial District. One of the best ways to attract talent is with brand new office space. With far too many perks and amenities that come with new construction, it has become extremely atypical that a growing company moves its headquarters to tired or dilapidated buildings.

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