Once a seemingly endless construction zone, the World Trade Center now once again hums with business and visitors. Though not quite fully complete, the district is home to a number of high-profile tenants like Conde Nast, Moody’s Investor Services, Ameriprise Financial and the Port Authority of New York and New Jersey. Now the vibrant heart of the Financial District of Lower Manhattan, the World Trade Center offers plenty of advantages for prospect tenants, though it’s not without its drawbacks.
Overview
The World Trade Center is situated in Lower Manhattan and is largely bounded by Vesey Street, Liberty Street, West Street and Greenwich Street. One, Four and Seven World Trade Center are now open while Three World Trade Center is currently under construction and due to open in 2018. Two World Trade Center is currently awaiting an anchor tenant before beginning construction. The complex features some 10 million square feet of Class-A office space as well as extensive retail space, the World Trade Center Transportation Hub, the National September 11 Memorial and Museum and a planned performing arts center as well.
Advantages
The trade center boasts a number of advantages for potential tenants. It offers about 10 million square feet of state-of-the-art Class-A office space as well as plenty of shopping and dining options within the complex itself, including Eataly in Four World Trade Center. Getting to and from the complex is easy thanks to 11 subway lines and PATH at the World Trade Center Transportation Hub while nearby Brookfield Place and the South Street Seaport offer plenty of places to grab lunch. Battery Park and the Battery Park City Promenade also offer plenty of green space to relax as well.
Disadvantages
The World Trade Center’s biggest drawback is its lack of a commuter rail hub like Grand Central Terminal or Penn Station, making getting to and from the suburbs more difficult than a Midtown Manhattan location. Being located in Lower Manhattan, it’s in a generally less prestigious location than Midtown and also has fewer retail and entertainment options that Midtown, though this is slowly but surely changing.
Verdict
With its great transit access and cutting-edge office space, the complex is a great place to do business. Though somewhat hindered by lack of a regional rail link, the district still offers the amenities, location and modernity that many tenants are looking for nowadays in New York City.
