Spotify To Move US HQ To 4 World Trade Center

The company will occupy 378,000 square feet in the new Fumihiko Maki-designed building owned by Silverstein Properties.

Spotify will move its US headquarters to 4 World Trade Center and create more than 1,000 new jobs as part of an expansion project announced by the company and Gov. Andrew Cuomo Wednesday. It will vacate its current headquarters at 620 Ave. of the Americas in Chelsea, owned by RXR Realty.

NY state is providing the company with as much as $11 million in rent-reduction credits available for the 15 years of Spotify's lease, state officials said. With the option, the 2.3M SF is fully booked, Silverstein said. The rent reduction incentive program was created to lure businesses back to the World Trade Center site in Lower Manhattan.

More news: ZTE launching a gigabit smartphone at Mobile World Congress

Spotify has announced plans to move its U.S headquarters by the beginning of next year. He says Spotify's expansion highlights the city's growth as a hub for technology and innovation. "We will bring more diversity and a whole lot of music to the area", he said, telling reporters that the jobs will be in fields like engineering, marketing and all other areas of the service. "This major commitment by a pioneer of the digital economy is further proof that Lower Manhattan has become the top destination for New York's most innovative companies". "New York is rapidly emerging as the nation's leading hub for tech and innovation, creating more jobs and more opportunities and emerging as the epicenter of the 21st economy".

We know this because NY governor Andrew Cuomo felt the need to tell us, seemingly so that he could brag about the fact that the leading premium streaming platform is putting so much of its operation in the city.

"Today's Spotify announcement is music to our ears". "It's also big news as it means leasing at 4 WTC is now complete". The company's current Manhattan office will eventually close as part of the deal. Spotify now boasts the industry's biggest paid subscriber base at 40 million paid users.