OpenAI has expanded its presence by leasing a 90,000-square-foot office in New York City after securing $6.6 billion in funding. Other tech companies are similarly following this trend, including fintech firm Chime and AI company AlphaSense. Following a downturn after the pandemic, tech leasing has rebounded significantly, with a report indicating the strongest start in 25 years. Companies are increasingly seeking larger office spaces again, spurred by stabilizing economic conditions and returning venture capital investments, particularly in artificial intelligence.
OpenAI's $6.6 billion fundraise has led to its first office in NYC, alongside significant leases by other tech firms, highlighting a resurgence in tech real estate.
Tech leasing in Manhattan started 2025 with its strongest performance in 25 years, as companies like OpenAI and Chime capitalize on returning venture funding.
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