Time’s exit from midtown is an epic event
June 9, 2014

The upcoming relocations by Time Warner and spun-off Time Inc. spell a seismic shift in Manhattan’s center of real estate gravity as much as they mark a game-changer in the magazine publishing world.

The epochal moves to new homes west and south of Midtown — Time Warner to Related Cos.’ and Oxford Properties Group’s Hudson Yards, and Time Inc.’s to Brookfield Place downtown, negotiated for both tenants by Savills Studley's Mitchell Steir with Matt Barlow — will leave over 3 million square feet vacant at their old space.

Time Inc.’s exit from its historic home at Rockefeller Group’s 1271 Sixth Ave., aka the Time-Life Building, over the next few years will leave behind up to 1.9 million square feet...

Time’s exit from midtown is an epic event

Related Stories

Lower Manhattan Values Are Vanishing
Payrolls Soar to Record Level in May