Media groups head downtown

The number of media tenants in Lower Manhattan is on the rise, according to the Alliance for Downtown New York. In all, media tenants, including Broadcast Music, Niche Media and GDS Publishing, occupy upwards of 1.15 million square feet of office space in the neighborhood. Among the journalistic tenants that have called Lower Manhattan home are Dow Jones & Company, which has 204,000 square feet in 1 World Financial Center, and Thomson Reuters, which has 15,000 square feet at 75 Park Place. Although “financial services remain [the area’s] signature industry,” said Elizabeth Berger, president of the Alliance for Downtown New York, the area is attracting a reputation as a “media central,” she said. TRD