News Clip: Condé Nast Leads the Creative Types in Dominating Downtown Relocations

08/15/2011 in

New York Observer

Does not reading Vogue mean the terrorists will have won? Unlikely, but Condé Nast’s 1.046 million square feet at 1 World Trade Center represent by far the single biggest company relocation downtown since 2005, showing a confidence in the area below Chambers Street, and a continuation of the rebuilding in the area post-9/11. Other creative types are following suit. According to statistics obtained by The Transom, 18 percent of the 307 biggest company relocations downtown since 2005 were by what the Downtown Alliance—the behemoth business improvement district—calls “creative services” firms.

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