Leaders call for cut in 7 WTC asking rent

Haughney, Christine
May 2005
Crain's New York Business;5/9/2005, Vol. 21 Issue 19, p1
This article focuses on leaders calling for cut in 7 WTC asking for rent. Increasingly worried downtown business leaders say developer Larry Silverstein must slash his asking rent for office space in 7 World Trade Center to lure an anchor tenant. Industry experts say that the situation at 7 World Trade is serving as a litmus test for how successful Silverstein may be in convincing companies to move into the Freedom Tower and other buildings on the World Trade Center site. Silverstein's asking rent for 7 World Trade space, at $50 per square foot, far exceeds prices nearby.


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