NEW YORK CITY-The General Services Administration has signed a preliminary agreement for the lease of 300,000 square feet at One World Trade Center, sources confirm to GlobeSt.com.
With a successfully executed GSA lease, the building will be over half full. Still, however, the amount of space in the deal is significantly less than what was previously speculated.
In 2006, the Port Authority entered into a Memorandum of Understanding with the agency “for its occupancy of approximately 645,000 rentable square feet in the FT,” according to minutes from the February 22, 2007 meeting. So even if the 300,000 square feet is taken by the agency, it will be significantly less—half, in fact—than what was originally expected.
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