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Uber expansion at 3 World Trade Center a boon to local economy

in Business
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Three World Trade Center (left) and Four World Trade Center in New York, NY.
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Uber’s 86,000 square-foot expansion at Silverstein Properties’ 3 World Trade Center, announced this week, brought the car-service giant’s total space there to nearly 500,000 square feet on 11 floors.

The deal brings the 2.5 million square-foot skyscraper to 89% leased. Uber’s diverse neighbors include WPP, Hudson River Trading, Diageo, Kelley Drye and Cozen O’Connor. Some 13,000 employees of 15 different tenants work there.


The deal brings the 2.5 million square-foot skyscraper (left) to 89% leased. Christopher Sadowski

Uber pickup point at LaGuardia Airport.
Uber has more than 2,000 employees in the city after starting with 800 just a few years ago. AP

But as important as Uber’s growth is for Larry Silverstein, it’s also good for the local economy overall. The company has more than 2,000 employees in the city after starting with 800 just a few years ago.

Rents at 3 World Trade haven’t been disclosed, but sources said the “ask” on the tower’s few available high floors is $130 to $150 per square foot.

[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]

Tags: 3 world trade centerBusinessleasesReal Estaterealty checkuberworld trade center
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