Thursday 29 November 2018

Mic, which is reportedly worth $5M, was paying over $2M in rent

The Durst Organization may have to look for a new tenant for the 82nd floor of 1 World Trade Center. News startup Mic, which rented the 36,000-square-foot space in 2016, laid off almost its entire staff Thursday as it sold to publisher Bustle Digital Group for $5 million. Mic was paying $69 per square foot for its space, according to Commercial Observer, or around $2.5 million in total per year. The digital news publication raised […]



source https://therealdeal.com/2018/11/29/mic-which-is-reportedly-worth-5m-was-paying-over-2m-in-rent/

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