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WTC Rebuild

World Trade Center Slowly Fills with Tech Occupants

March 19, 2015 | Michael Barasch

A lot has changed in the years since the deadly terrorist attacks of September 11, 2001. One of the many changes is a shift toward a technological force in the world of business. These companies are among the most prevalent new occupants of the rebuilt World Trade Center.

When the Towers were struck, financial companies were the most common tenants of the skyscrapers. It has taken years to rebuild the site, but as occupants are finally taking back ownership of Ground Zero, there has been a noticeable shift in the type of tenants moving downtown. The majority of leasers are from the industries of technology, media and advertising, with tech being the clear leader.

The new tower, 1 World Trade Center, opened this past November. The massive 1,776-foot building marks a triumphant return to the site bulldozed by the deadly attacks. While it has been exciting to see tenants return to reclaim the site, landlords have struggled to fill up the new buildings.  In fact, even as occupants return, the pace is too slow to guarantee full occupancy for years to come. If it continues at its current pace, the World Trade Center would not be at 95 percent occupancy until 2019. This could pose serious financial difficulties for landlords.

However, many are hopeful that occupancy will pick up soon.  Any fear of future terrorist attacks will likely dissipate after some time.  

The years since 9/11 have involved a great deal of rebuilding. For many people, this means dealing with health issues caused by exposure from the attacks. If you have been affected, contact the New York City injury lawyers at Barasch, McGarry Salzman & Penson today.

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