Delphi Real Estate Blog

August 31, 2009

Condé Nast Leases Space To The Economist

Filed under: Subleasing Office Space — jcrudes @ 4:54 pm
Wednesday, Aug 19

WWD Gets New Neighbors As Condé Nast Leases Space To The Economist

The Economist is on the move and will soon be sharing a cafeteria with the stylistas at WWD.

Yesterday, the Economist Group announced that it has leased nearly 62,000 square feet of space from Condé Nast-owned Advanced Magazine Publishers at 750 3rd Ave. The financial publication will be taking over the fifth and sixth floors at the Condé building currently occupied by Fairchild Publications titles including WWD, Footwear News, W and the Condé Nast bridal group.

Space has been opening up on 750 3rd Ave for a while as Condé has cut staff and expenses. When men’s wear trade DNR folded last year (disclosure: I used to work there) its second floor offices were cleared out and the few remaining staffers who transitioned to WWD were moved to an office off of FN‘s space on the eighth floor. It looks like there will be more movement in the building as they prepare for the new tenant.

The Economist Group is planning to relocate from its long-time home at 111 West 57th Street in the second quarter of next year.

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