Ameriprise Renews Lease at One World Trade Center
The tenant will occupy its current office space for another decade.
Ameriprise Financial Inc. has renewed its 37,704-square-foot lease at One World Trade Center, in Manhattan’s Financial District, in a transaction with the property’s leasing manager The Durst Organization. The tenant will occupy its office space on the 78th floor for another decade. Newmark represented the ownership, while Cushman & Wakefield worked on behalf of Ameriprise.
Ameriprise Financial has been a tenant at the 3.1 million-square-foot office landmark since 2016. The property’s current roster also includes Condé Nast Publications, Carta, Celonis, Stagwell, Scale AI, Frier Levitt, Hyperscience, Vogue, New York Life Insurance and the U.S. General Services Administration. The trophy tower was 97 percent leased at the time of Ameriprise’s deal.
The present transaction came quickly after Energy Capital Partners’ lease signing at the property in April, when the energy infrastructure investing company committed to occupying the entire 59th floor.
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Completed in 2014 between Church and Greenwich streets, the LEED Platinum-certified One World Trade Center is the tallest building in the Western Hemisphere. Rising 104 floors and featuring floorplates ranging between 25,000 and 47,358 square feet, the office tower has 54 passenger elevators and 25,000 square feet of amenity space on the 64th floor.
The Durst Organization Senior Vice President Eric Engelhardt, Managing Director Karen Rose, Associate Director Sayo Kamara, together with Newmark President David Falk, Vice Chairmen Peter Shimkin and Hal Stein, Director Nathan Kropp and Associate Paige Raisides represented the ownership in the lease deal. Cushman & Wakefield Executive Vice Chairman Josh Kuriloff, Managing Director Drew Braver, Senior Director Heather Thomas and Senior Marketing Specialist Nicole Estevez worked on behalf of the tenant.
Manhattan’s office vacancy stays low
As of April, Manhattan’s average advertised office listing rates rose 1.4 percent year-over-year to $69.29 per square foot, according to a recent Yardi Matrix report, keeping the borough unmoved from the top position as the most expensive market in the country. During the same month, the borough’s vacancy rate experienced a sharp 300-basis-point drop on a trailing 12-month basis to 13.1 percent, rivaled only by Miami’s 12.5 percent.
After reaching a high point in March 2025, office vacancies across the largest U.S. markets experienced a revival, with Manhattan leading the way since and Miami remaining a close second. Recent office leasing deal that contributed to the borough’s low vacancy include Uber’s second expansion at 3 World Trade Center to a total of 437,571 square feet, as well as American Express’s relocation of its global headquarters at 2 World Trade Center.
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