The owners of the World Trade Center's signature skyscraper
are slashing office rents nearly 10 percent because they can't find enough
tenants.
The Wall Street Journal reports that 1 World Trade Center is
55 percent leased. It says no private office tenant has signed a lease in
almost three years.
The owners are cutting asking rents to $69 a square foot for
larger tenants on the building's middle floors. Developer Douglas Durst tells
the newspaper that's down from $75 a square foot.
Durst bought a stake in the 1,776-foot tower from the Port
Authority of New York and New Jersey in 2011.
Major tenants in the building include magazine publisher
Conde Nast and the government's General Services Administration.
The skyscraper, the nation's tallest building, is scheduled
to open later this year.
www.omegare.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.