Clear Street is under contract for a lease renewal and an expansion at Silverstein Properties' 4 World Trade Center office property in Lower Manhattan.
The deal will lock in Clear Street for nearly 88,000 square feet of space for 10-plus years at the 72-story tower. The fintech firm, which first moved into the building in 2021 through a sublease, will now have access to the entire 46th floor in addition to the full 45th. The property will remain Clear Street's headquarters.
In total, 4 World Trade spans 2.3 million square feet and is 97 percent leased. Some major tenants operating the building include Zurich American Insurance Company, SNY, Rippling, Spotify and Duolingo.
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The property features column-free corners, a steel structure and an 80-foot column perimeter. Additionally, 4 World Trade has retail options including H&M, Banana Republic and Eataly.
Clear Street was represented by Bobrow & Company's Vice President, Josh Berger, while Silverstein Properties got in-house support from the company's Gordon L. Hough and Keith A. Cody.
“The expanded footprint at 4 World Trade Center aligns with its continued growth in New York City and beyond," Bobrow & Company Vice President Josh Berger said in a statement.
Speaking of NYC, Manhattan is coming off its best leasing first half since 2014, posting 21.1 million square feet of signings to start 2025, according to a report from Savills. That came as space became more limited, with the availability rate dropping 280 basis points year-over-year to 17.2 percent in the second quarter. Interestingly, Class B and C assets showed the strongest performance in that category, defying the national office trend, which has broadly been a fight to quality since the pandemic lockdowns ended.
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Anthony Russo
Anthony Russo has been contributing to GlobeSt. since July 2024. Along with CRE, his financial background expands to capital markets, the economy, and consumer issues. Previously, he has written for CapitalWatch and was a senior reporter for The US Sun.
