Spotify to Expand US Headquarters, Add 1000 New Jobs
- Author: Lila Blake Feb 17, 2017,
Feb 17, 2017, 0:26
Spotify will make its US headquarters in about 400,000 square feet of space in 4 World Trade Center, a 2.3 million square foot tower developed by Silverstein Properties Inc.
The company will take up 378,000 square feet on floors 62 through 72 - the top 10 stories in the Fumihiko Maki-designed skyscraper - in a move from its current 620 Sixth Ave. building that will more than doubles its space.
New York Governor Andrew Cuomo announced during a press conference on Wednesday streamed via Facebook Live (fb) as well as via a series of tweets (twtr) that the digital music company is moving into Four World Trade Center. It will vacate its current headquarters at 620 Ave. of the Americas in Chelsea, owned by RXR Realty.
The Governor said Spotify will receive up to $11 million in rent reduction from Empire State Development as part of the lease. With the option, the 2.3M SF is fully booked, Silverstein said.
Gutierrez said the new positions would include engineers, marketers, analysts and other tech-related jobs. The streaming service is now headquartered at 620 Sixth Avenue, but rumors of a move downtown have been flying for the past few months.
The company established its US headquarters in NY and is now planning to expand its operations. "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".
Horacio Gutierrez, who serves as Spotify's general counsel, says Spotify considered a few other places to expand, but ultimately decided they were best served continuing to operate in NY.
"Today's Spotify announcement is music to our ears".
"The downtown area now is totally different", he said.
She continued, "It's also big news as it means leasing at 4 WTC is now complete". As Spotify will move staff from its existing NY base to the new offices, they could in theory be included in that 1000. As of September 2016, the service had 40 million paid subscribers.