Spotify Expanding, Moving Downtown
New York Governor Andrew Cuomo announced that Swedish digital music service Spotify will be moving its U.S. headquarters to the prestigious address of 4 World Trade Center, and, in the process, create over 1,000 new jobs while retaining 832 existing jobs in a major expansion. Spotify, which currently has offices in Midtown South, will move its New York office and its employees to 378,000 square feet of office space in the new Fumihiko Maki-designed building owned by Silverstein Properties, Inc. in early 2018. Spotify’s relocation to the new building will make it the first office tower to be fully leased on the historic 16-acre World Trade Center site. As a topical and super-relatable bonus, Governor Cuomo also released his own 38-song Spotify playlist.
To encourage Spotify to expand its operations in New York State, Empire State Development will provide the company up to $11 million in World Trade Center Rent Reduction Program rent credits, available for approximately 15 years of Spotify’s lease. In filling out its new space, Spotify plans to increase its workforce in New York comprised of software engineering and product teams, label and artist relations, editorial, shows, original content, marketing, legal, sales, finance among other sectors.
“Lower Manhattan is more vibrant, diverse, and connected than ever before, and Spotify’s expansion is the latest example of this community’s incredible potential for growth,” Governor Cuomo said. “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 are proud to welcome Spotify to 4 World Trade Center and to have the future of music be a part of the bright future of our dynamic tech community.”
Eagerly returning Cuomo’s love-volley, Horacio Gutierrez, Spotify’s General Counsel said, “We appreciate the help of Governor Cuomo and New York State in continuing to grow our team and home in New York City,” said “New York gives us access to the most diverse talent market in the world and we’re incredibly excited to build out our new space at 4 WTC.”
