Conduct AI Leased New SoHo Office Space
The firm established its first U.S. base in a 6,705-square-foot SoHo office to support its growth.
Updated on Sept. 23, 2026 in Commercial
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Conduct AI has signed a lease for the third floor of 140 Crosby Street in SoHo. This move marks the opening of the company's first office in the United States, designed to house more than 60 employees.
Why it matters
The lease represents a significant expansion for the startup as it scales operations following a recent $60 million Series A funding round. It marks a new phase of growth for the firm, which was founded in 2024.
The lease for the entire third floor follows the building's acquisition for $51.4 million in May 2026, well below the original $100 million listing price. Asking rents for the space were reported between $150 and $165 per square foot.
The players
Conduct AI
An artificial intelligence startup founded in 2024 that maintains its base in London and is scaling its U.S. operations.
Capstone Equities
A commercial real estate investment firm that manages urban office properties and acquired the 140 Crosby Street building.
Savills
A global real estate services firm that represents corporate tenants in finding and negotiating commercial lease agreements.
The details
The transaction was negotiated by Savills brokers Max Mond and John Brennan on behalf of Conduct AI. Building owners Capstone Equities, Rugby Realty, and Republic Investment Company were represented in the lease deal by Clark Finney, Alex Riguardi, and Dana Goldman.
Timeline
2019: The building at 140 Crosby Street was completed.
2024: Conduct AI was founded.
May 2026: Capstone Equities and partners acquired the building.
June 2026: Conduct AI raised $60 million in Series A funding.
The Home Front
The acquisition of the Crosby Street property highlights a broader recalibration of commercial real estate values in Manhattan. This transaction underscores the shifting investment landscape for urban office assets following the recent correction.
Residents and business owners in SoHo may notice increased pedestrian traffic and activity near 140 Crosby Street as the company prepares to staff the new office. Keep an eye on local commercial permitting notices if you live in the immediate building vicinity to track site-related updates.
The takeaway
This lease marks a major milestone for the London-based firm as it establishes its first stateside presence. Keep track of commercial real estate news in your local neighborhood to understand how corporate occupancy changes influence the local business environment.
Further reading
For more updates on neighborhood development, explore the latest New York City Commercial news.
Source note: This article includes information reported by Commercial Observer.
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