Conduct AI Leased New Office in SoHo
The firm signed a lease for 6,705 square feet in Manhattan, supporting its growth as it establishes a U.S. presence.
Updated on Sept. 23, 2026 in Commercial
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Conduct AI has leased the entire third floor of 140 Crosby Street in SoHo to serve as its first United States office. The space will house more than 60 employees as the firm expands following a successful funding round.
Why it matters
This move signals the next phase of growth for the 2024-founded company, which secured $60 million in Series A funding in June 2026. The new space allows the firm to scale its local operations significantly.
The lease covers 6,705 square feet at 140 Crosby Street, a building acquired in May 2026 for $51.4 million. While the building was originally listed for $100 million, the current tenant will occupy space in the SoHo property for over 60 employees.
The players
Conduct AI
A London-founded technology firm that recently secured $60 million in funding to support U.S. expansion.
Savills
A global real estate services firm that provides advisory and brokerage services to corporate tenants.
Capstone Equities
A real estate investment firm that acquires and manages commercial properties.
The details
The lease negotiation was led by Max Mond and John Brennan of Savills on behalf of the tenant, with Clark Finney, Alex Riguardi, and Dana Goldman representing the building owners. The owners, including Capstone Equities, Rugby Realty, and Republic Investment Company, manage the 34,500-square-foot property. With asking rents between $150 and $165 per square foot, the space provides the infrastructure for Conduct AI to establish its first American headquarters.
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.
September 2026: Conduct AI secured the lease at 140 Crosby Street.
Money Landscape
The transaction follows the 2026 acquisition of 140 Crosby Street by Capstone Equities and partners. This move reflects a broader trend of international firms expanding their footprints in Manhattan commercial spaces.
The entry of high-growth technology firms into the SoHo market may impact local commercial rental rates and neighborhood demand. Consult with a commercial real estate broker to understand how office trends influence local business costs and property values.
The takeaway
Large-scale leases by venture-backed firms often signal increased economic activity in professional service sectors. Keep an eye on local commercial property reports to track how these large-scale corporate moves affect the neighborhood rental landscape.
Further reading
For more on shifts in the local office market, visit our Commercial section.
Source note: This article includes information reported by Commercial Observer.
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