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Leasing at World Trade
Building tries to lure smaller tenants with divided spaces
From the November issue: While last year brought a 1.1 million-square-foot lease to 1 World Trade Center, leasing at the World Trade Center site — and Downtown in general — has been considerably slower in 2012.
The closely watched negotiations that would have put massive law firm Chadbourne & Parke into 300,000 square feet at the tower fell apart abruptly in March. And while the long-stalled General Services Administration lease was finally inked in July after five years of negotiations, the agency took just a fraction of the 900,000 square feet it was originally considering. [more]