Conde Nast in Rent Standoff at One World Trade

Wall Street Journal: Conde Nast is withholding $2.4 million in rent at One World Trade Center for January 2021 and could withhold further sums in the coming months as part of a rent dispute with its landlords. The publisher wants to reduce its square footage and its rent per square foot at the landmark office tower. The building’s co-owner, the Port Authority of New York and New Jersey. “believes it has strong contractual rights to enforce full payment.”