Two months after Silverstein Properties announced the launch of Silver Suites Offices, the collaborative work space occupying 30,000 prebuilt square feet on the 46th floor of the 52-story 7 World Trade Center is 50 percent leased.
The milestone happened in a quarter of the time that Tal Kerret, a senior vice president at Silverstein, had expected. The popularity speaks to the growing appeal of an office model that lets upstart companies, many of them in the tech, media and public relations sectors, sign short-term leases—the minimum at Silver Suites is six months—as they grow and require increasingly large headquarters.
Abbreviated leases notwithstanding, Mr. Kerret told The Commercial Observer that Silver Suites is not “a revolving door,” but rather a “five-star, five-diamond service environment for young and growing companies.”
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