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New York City

Conduct AI Leased New Office in SoHo

The firm has signed a lease for 6,705 square feet at 140 Crosby Street to house its first U.S. headquarters.

Updated on Sept. 23, 2026 in Commercial

The red brick and dark cast-iron facade of a historic SoHo industrial building in New York City.
Conduct AI has established its first U.S. headquarters by leasing the entire third floor of the 140 Crosby Street building in Manhattan's SoHo district. AI Illustration. Upload story photo >

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Conduct AI has established its first United States office by leasing the entire third floor of 140 Crosby Street in Manhattan. The space will accommodate more than 60 employees as the company enters its next phase of growth.

Why it matters

The move marks a significant expansion for the startup, which recently secured $60 million in Series A funding to scale its operations. Establishing a physical presence in New York City provides the London-founded company with a base to grow its U.S. workforce.

Conduct AI secured the space at 140 Crosby Street, a building acquired by its owners for $51.4 million in May 2026. The property, completed in 2019, features 34,500 square feet of total space.

The players

Conduct AI

This is a technology company founded in 2024 that is currently expanding its operations from London into the United States.

Capstone Equities

This real estate firm is one of the partners that acquired the property at 140 Crosby Street in May 2026.

Savills

This global real estate services firm provided representation for Conduct AI during the lease negotiations.

The details

The lease agreement covers the building's entire third floor and will support a headcount of over 60 people. The transaction was facilitated by representatives from Capstone Equities, Rugby Realty, and Republic Investment Company, with Savills agents Max Mond and John Brennan acting on behalf of the tenant.

Timeline

  1. Conduct AI was founded in 2024.

  2. The 140 Crosby Street building was completed in 2019.

  3. The building was acquired by its current owners in May 2026.

  4. Conduct AI raised $60 million in Series A funding in June 2026.

Culture Shift

This move highlights the broader trend of AI startups establishing physical headquarters in Manhattan's SoHo district to attract top-tier talent. It signals a shift from the remote-first model toward consolidating operations in high-visibility, historic commercial corridors.

The arrival of a new tech firm with over 60 employees will likely increase daytime foot traffic for local SoHo retailers and cafes. Residents and neighboring businesses may notice increased activity around the 140 Crosby Street site as the office becomes operational.

The takeaway

The move underscores the continued demand for premium office space by well-capitalized technology firms in New York. Businesses in the area should prepare for an uptick in professional service demand as new high-growth companies establish their domestic headquarters.

Further reading

For more on the local office market, visit the New York City Commercial section.

Source note: This article includes information reported by Commercial Observer.

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