Online Ticket Marketplace Expands within the World Trade Center
The continued downsizing by Spotify has opened the door to an expansion within the World Trade Center complex by the online ticket marketplace StubHub. Currently occupying 44,000 square feet leased in March 2023 at 3 World Trade Center, StubHub will relocate and expand into 103,000 square feet at 4 World Trade Center under a sublease from the digital music streaming service provider. Full details of the deal were not disclosed, but it allows for future expansion into additional Spotify space, which following the latest signing has reduced to a little more than half of its original 564,000 square feet “due to layoffs, cost-cutting and a liberal work-from-home policy.” Separately, there may already be a taker for the space being vacated at 3 World Trade Center if a lease moves forward by an unidentified existing tenant that may exercise an expansion option