New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Office  | 

1 WTC Deal Could Make WeWork NYC’s Biggest Tenant

At the city’s tallest tower, WeWork is closing in on a deal that could make it the city’s largest office tenant. The coworking giant reportedly is committing to a sizable block of space at 1 World Trade Center.

Estimates varied on how large a block that will be. Some sources estimated it as large as 500,000 square feet. However, Crain’s New York Business confirmed that it will be around 200,000 square feet, which would be a smaller commitment than the one made recently at TH Real Estate’s 21 Penn Plaza.

Between that 286,000-square-foot lease and others the company has signed lately, WeWork has expanded by around 400,000 square feet in recent weeks. A report on the Recode website said the company was second only to JP Morgan Chase among private-sector tenants in the city, and that a lease for 75,000 square feet or more would put it over the top.

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Read more at Crain's NY

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).