Media
Conde Nast Eyes Shift to New Jersey, Cutting NYC Offices
- Publisher has been looking to modify lease at One World Trade
- Many companies are reassessing how much space they need
Conde Nast has about a million square feet of space at One World Trade, some of which it has subleased in recent years after cutting staff.
Photographer: Michael Nagle/BloombergConde Nast is exploring taking office space in New Jersey and reducing its presence in Manhattan as part of a bid to cut costs, according to people familiar with the matter.
The magazine publisher, a high-profile tenant at One World Trade Center, is looking for roughly 400,000 square feet (37,161 square meters) of office space split between Manhattan and the New Jersey waterfront, the people said, asking not to be named because the matter is private.