Artificial intelligence firms are feasting on Manhattan office space

Image for article Artificial intelligence firms are feasting on Manhattan office space
News Source : Gothamist

News Summary

  • New York City is quickly consolidating its role as one of the three centers of global AI activity, behind the San Francisco Bay Area and ahead of London.
  • In the first quarter of 2026, AI firms took out 1 million square feet of New York City office space.
  • The scramble for AI space in Manhattan is injecting fresh investment into the city’s real estate market, analysts said, particularly in the Midtown core, where the pandemic and a now-receding work-from-home push helped drive up office building vacancies.
Earlier this month, the artificial intelligence company Altana signed a lease for 62,000 square feet of office space in Midtown, tripling its current Williamsburg office space.

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