Publicis-owned social media agency MRY is “seeking to sublease its 78,000-square-foot office at 11 W. 19th St., between Fifth and Sixth avenues,” Crain’s reports.
The decision to sublease the space follows a series of staff reductions at MRY, including the departures of its chief marketing and strategy officers in early April and its COO and CFO later that month. Back in March, T-Mobile parted ways with the agency, which also lost its share of the Visa business when the company decided to consolidate its social media account with agency of record BBDO.
Should MRY successfully sublease the space in its entirety, it will move its remaining operations into another Publicis space, possibly its 1675 Broadway headquarters. According to Crain’s sources, the sublease is likely to find takers in the tight midtown south market.