People are moving into the new WTC today

When you glance across the river today and your eye fixes on the new WTC take time to appreciate that after 13 years someone is showing up to work at the WTC site. Conde Nast is moving a small portion of their workforce into 1 World Trade this morning. It has certainly been a long, tragic, frustrating, maddening and triumphant thirteen years. While the site is 60% rented Johnny is still waiting to take his massive camera lens up to the observation deck there when it finally opens.

So the World Trade Center is gonna open this year and they only need one more thing...

Renters.  As of Jersey City Desk press time the new WTC is only just over 50% rented and set to open this fall to new tenants. Conde Nast is in for a million square feet and a government department will take up more floors yet. That being said ONE private company has signed on the dotted line in the last three years. How bad is it? The WSJ says the WTC is cutting rent in order to attract more tenants:

The owner—a venture of developer Douglas Durst and the Port Authority of New York and New Jersey—is cutting asking rents nearly 10% to $69 a square foot for larger tenants on the building's middle floors, down from $75 a square foot, Mr. Durst said in an interview Friday.

Slow leasing has led to rent cuts at One World Trade Center, pictured in September 2013. Associated Press "The market's not there," said Mr. Durst, whose Durst Organization bought a stake in the tower from the Port Authority in mid-2011. "When we started in 2011, everybody expected the economy to take off, and obviously that hasn't happened."

So, New Jersey residents, if you know someone who'd like a tony new business address it can only help us to get them hooked up, we're forever paying for the WTC via the Port Authority so at least we'd get to see the lights on and know people are working.