Spotify is moving to 4 World Trade Center

The streaming service will move its headquarters to 4 World Trade Center in the Financial District, Gov. Andrew Cuomo announced Wednesday.

Spotify, a digital music service, is relocating its USA headquarters to 4 World Trade Center in Lower Manhattan from its current location in Midtown South.

Spotify will be able to use $11M in rent credits through the World Trade Center Rent Reduction Program, and plans to occupy floors 62 through 72, with expansion options for floors 59 to 61. The company's current Manhattan office will eventually close as part of the deal. The move is expected to be completed by 2018.

Governor Cuomo said in his statement that "Spotify's expansion is the latest example of this community's incredible potential for growth".

According to Gutierrez, Spotify most of the new jobs Spotify is adding-which are said to number over 1,000-on will be in the fields of marketing and engineering. The decision by Spotify "adds a growing dimension to downtown", said Cuomo.

ESD has also offered similar credits to other tech companies, including Snapchat and Etsy, to retain talent and expand across NY. That would make Spotify Europe's biggest tech listing since the listing of Rocket Internet of Germany in 2014.

"I hope Spotify's expansion sends a clear signal to the tech community that NY is open for business", said Horacio Gutierrez, Spotify's general counsel, according to Cuomo's tweet.

The 36-track Spotify playlist included four songs by Billy Joel, two Bruce Springsteen songs, tracks by Queens natives Simon and Garfunkel, and "Empire State of Mind" by Jay Z and Alicia Keys.

"Today's Spotify announcement is music to our ears".