The Real Deal New York

WeWork close to inking huge lease at 1 WTC

It's unclear how much space the co-working firm is taking
August 29, 2018 03:00PM

Adam Neumann and 1 World Trade Center at 285 Fulton Street (Credit: Getty Images and Pixabay)

WeWork may be 1 World Trade Center’s newest tenant.

The co-working giant is reportedly close to finalizing a large lease in the office tower, bringing the company closer to being the city’s top office tenant. According to Crain’s, WeWork is looking to lease between 200,000 and 500,000 square feet in the building. A recent report by Cushman & Wakefield noted that the company is the second-largest renter of office space in the city with 4.6 million square feet. It would only need an additional 74,000 square feet to put it in first place.

Earlier this year, the Durst Organization’s leasing executive Eric Engelhardt told Crain’s that the company was looking for one tenant to take as much as 400,000 square feet in the building. The developer has also reserved smaller spaces in the tower for multiple tenants.

The building’s best known tenant is Condé Nast. One of WeWork’s competitors, Convene, has an event space on the building’s 34th floor. [Crain’s] — Kathryn Brenzel