The Rise of AI: NYC Office Leasing (2020–2026)
AI companies have become a dominant force in the New York City office market. While their impact was minor in 2020 and 2021, each succeeding year has seen AI companies lease more space and capture a larger percentage of the overall tech industry’s leasing velocity.
The data reveals a clear and aggressive upward trajectory:
- 2020: 117,000 sq ft (4.6% of tech leasing)
- 2021: 205,000 sq ft (8.4% of tech leasing)
- 2022: 353,000 sq ft (12.1% of tech leasing)
- 2023: 390,000 sq ft (21.8% of tech leasing)
- 2024: 656,000 sq ft (23% of tech leasing)
- 2025: 1,357,000 sq ft (29.5% of tech leasing)
- 2026 (Jan–Feb): 366,000 sq ft (58.9% of tech leasing)
The Current Trend
The most striking figure is the start of 2026. In just the first two months, AI companies have accounted for nearly 60% of all tech leasing activity in the city. This suggests that while other tech sectors may be consolidating, AI is in a rapid expansion phase, firmly establishing New York City as a global hub for the industry.
If you would like more details on this industry or deeper insights into these trends, please feel free to reach out.
Paul Walker
Senior Vice President
212-984-7117
Paul.Walker@cbre.com
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About the Author
Paul Walker
As a commercial real estate broker specializing in all facets of office leasing for over 30 years, I’m also a proud native New Yorker with a deep love for this city. My commitment to my community is reflected in my founding of two real estate charity events and consistent involvement in professional organizations. Outside of work, I enjoy live music, movies, basketball, tennis, podcasts, and a continuous pursuit of knowledge, especially regarding history and the fascinating story of New York.