News
6) Conde Nast Already Doubled Down
December 12, 2013
Early adopters are sacrificing two years of inconvenience (until construction barriers lift away) for 15- or 20-year leases at historically low rents, says Savanna's Chris Schlank. Adam (right) pointed to Conde Nast's Q1 deal for 80k SF at 222 Broadway to complement its 1 WTC space but at a cheaper rate. Rob says Durst likely will give Conde Nast its 1 WTC space within 25 days. And the GSA announced Tuesday which agencies it'll move into its 270k SF there: its own regional HQ and the local offices for the Army Corp of Engineers and Customs and Border Protection.
