Twitter may not have to pay any more rent in NYC to Columbia Property Trust, which in January sued the social media platform for allegedly failing to pay rent at an office tower in San Francisco and two buildings in NYC's Chelsea neighborhood owned by the REIT.
This week, Twitter listed for subleasing about 200K SF that it occupies at the two buildings in Chelsea, located at 245 and 249 W. 17th Street in Manhattan, according to Savills data.
Elon Musk has been on a cost-cutting binge since he took over Twitter, laying off nearly half its workforce, closing a hyperscale data center and downsizing the company's global office footprint. Most recently, Twitter laid off its entire public relations department, which occupied the buildings on W. 17th Street.
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