AI firm inks sublease at 2 Gansevoort as sector’s leasing boom accelerates

Artificial intelligence firm Moloco is expanding its Manhattan footprint, joining a growing number of AI companies racing to lock in office space. The Silicon Valley-based AI advertising firm is subleasing about 25,000 square feet at Sage Realty’s 2 Gansevoort Street in the Meatpacking District from sublandlord Fortress Biotech, a spokesperson for the company said. The firm is relocating from Kaufman Organization’s 56 West 22nd Street in Midtown South. The deal comes amid a surge in AI leasing that’s helping drive Manhattan’s office market recovery. AI companies are taking space at roughly twice last year’s pace, according to JLL data, with […] This article originally appeared on The Real Deal. Click here to read the full story.