{"id":1004765778,"date":"2025-07-22T03:19:49","date_gmt":"2025-07-22T11:19:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004765778"},"modified":"2025-07-24T00:00:52","modified_gmt":"2025-07-24T08:00:52","slug":"silverstein-properties-secures-hq-lease-extension-expansion-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/silverstein-properties-secures-hq-lease-extension-expansion-in-nyc\/","title":{"rendered":"Silverstein Secures HQ Lease Extension, Expansion in NYC"},"content":{"rendered":"\n<p>Fintech company Clear Street has signed a lease extension of more than 10 years, as well as an expansion to grow its headquarters to nearly 88,000 square feet at 4 World Trade Center, sponsor Silverstein Properties announced.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"620\" data-attachment-id=\"1004765820\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/silverstein-properties-secures-hq-lease-extension-expansion-in-nyc\/4-wtc-featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg\" data-orig-size=\"796,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1654854532&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"4 WTC featured\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;4 World Trade Center. Image by Francis Dzikowski, courtesy of Silverstein Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg?w=796\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg\" alt=\"4 World Trade Center\" class=\"wp-image-1004765820\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg 796w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg?resize=300,234 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/4-WTC-featured.jpg?resize=768,598 768w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><\/a><figcaption class=\"wp-element-caption\">Fintech company Clear Street has signed a lease extension of more than 10 years, as well as an expansion at 4 World Trade Center. <em>Image by Francis Dzikowski, courtesy of Silverstein Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Clear Street first took space at the 72-story, Class A+ tower in Lower Manhattan via a sublease in 2021. It followed that up in 2023 with a direct lease with Silverstein for the entire 45th floor.<\/p>\n\n\n\n<p>With this extension, Clear Street will keep its headquarters at 4 WTC and expand onto the entire 46th floor.<\/p>\n\n\n\n<p>The deal brings 4 WTC to 97 percent leased. Other noteworthy tenants at the 2.3 million-square-foot tower include Spotify, Zurich American Insurance Co., Duolingo, SNY and Rippling. Retail tenants feature Eataly, Banana Republic and H&amp;M.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/return-to-office-rebounds\/\">Return-to-Office Rebounds<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Clear Street COO Jon Daplyn cited the building\u2019s \u201cinnovative design, spectacular views and proximity to transit\u201d as among its attractions.<\/p>\n\n\n\n<p>4 WTC was designed by Pritzker Prize\u2013winning architect Fumihiko Maki and is rated as LEED Gold. Transit access at the tower includes an underground pedestrian concourse that leads directly to 12 subway lines and the PATH train.<\/p>\n\n\n\n<p>Silverstein Properties was represented in-house by Keith Cody and Gordon Hough. Clear Street was represented by Josh Berger of Norman Bobrow &amp; Co.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manhattan-s-office-leasing-surges\">Manhattan\u2019s office leasing surges<\/h2>\n\n\n\n<p>Manhattan\u2019s office leasing hit a nearly six-year record in the second quarter, with 8.4 million square feet, including six leases of more than 100,000 square feet each, according to a report from Cushman &amp; Wakefield. Of those, New York University\u2019s 1.1 million-square-foot commitment at 770 Broadway was the largest new lease since the fourth quarter of 2019.<\/p>\n\n\n\n<p>Further, Cushman &amp; Wakefield reported, renewal activity also has grown, with 4.7 million square feet year to date, nearly 50 percent higher than 12 months prior.<\/p>\n\n\n\n<p>The World Trade submarket has an overall vacancy of 18.0 percent on an inventory of 24.1 million square feet. Net absorption year-to-date has been 592,000 square feet.&nbsp;<\/p>\n\n\n\n<p>It was not quite a year ago that <a href=\"https:\/\/www.commercialsearch.com\/news\/stubhub-upsizes-its-office-space-at-world-trade-center\/\">StubHub signed a sublease<\/a> for about 100,000 square feet at 4 WTC. In an agreement negotiated by Savills, StubHub immediately took possession of one floor in the building and was to take over two more floors from the sublessor at a future date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fintech company is growing its footprint at World Trade Center.<\/p>\n","protected":false},"author":882,"featured_media":1004765820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[32799,34035],"class_list":["post-1004765778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-silverstein-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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