Will One World Trade Center Be Full When It Opens? No, Say Most Real Estate Executives
September 3, 2014While One World Trade Center won’t be the “Empty State Building” (the nickname given to the Empire State Building when it opened in 1931 to low occupancy rates in the midst of the Great Depression), or even the original World Trade Center (which was not full until 1979, seven years after completion), growth at the new complex is expected to be slow. The vast majority of New York commercial real estate professionals expect that 1 WTC will be less than 80 percent occupied at launch, according to findings from the Summer 2014 Gotham Commercial Real Estate Monitor survey from Marks Paneth.
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