Condé Nast subleases one floor
Ambac Financial Group has agreed to sublease 50,000 square feet of office space from Condé Nast at One World Trade Center. Asking rent on the deal was in the $50s per square foot. Ambac is vacating its current home at 1 State Street.
Worth Noting: Condé Nast put about 350,000 square feet of its footprint (1M SF) on the market. The landlords, Durst Organization and the Port Authority also announced smaller leases totalling 17,600 square feet, according to Crain’s.