An endorsement from Moody’s can make or break bond issuances, companies and governments. And it probably takes its office space seriously too. The credit rating service is expanding its presence in the Financial District, taking 75,000 square feet at the Port Authority and Durst Organization’s 1 World Trade Center.
Asking rents for the space, on the tower’s 56th and 57th floor, was $69 dollar per square foot.
Moody’s couldn’t expand its 680,000-square-feet dig at Silverstein Properties’ 7 WTC, because that building is full. Occupancy at 1 WTC stands at around 66 percent, the New York Post reported.
John Cefaly and Gus Field of Cushman & Wakefield represented Moody’s.