{"id":1004779892,"date":"2025-12-03T10:27:54","date_gmt":"2025-12-03T18:27:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004779892"},"modified":"2025-12-17T06:43:33","modified_gmt":"2025-12-17T14:43:33","slug":"rosen-equities-sees-new-ai-tenant-at-manhattan-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rosen-equities-sees-new-ai-tenant-at-manhattan-office\/","title":{"rendered":"Rosen Equities Sees New AI Tenant at Manhattan Office"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a21696616074&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004779893\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rosen-equities-sees-new-ai-tenant-at-manhattan-office\/135madisonave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"135MadisonAve\" data-image-description=\"&lt;p&gt;Image sent by Lindsay Church from Greak Ink Communications. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The ninth floor of 135 Madison Ave. has 15,038 square feet available for leasing. Image courtesy of Koeppel Rosen&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png?w=800\" alt=\"135 Madison Ave in Manhattan\" class=\"wp-image-1004779893\" style=\"width:392px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/135MadisonAve.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The ninth floor of 135 Madison Ave. has 15,038 square feet available for lease. <em>Image courtesy of Koeppel Rosen<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Distyl AI Inc. signed a 15,038-square-foot lease at 135 Madison Ave. with Koeppel Rosen, the leasing and management partner for Rosen Equities, the building&#8217;s owner. The new tenant will be occupying the 10th floor of the property, to support its expansion. \u00a0<\/p>\n\n\n\n<p>Koeppel Rosen did not disclose the length of the lease agreement, though the asking rent was $52 per square foot. In September, Courier Health entered a similar agreement, paying the same asking rent for the property\u2019s third floor, <a href=\"https:\/\/commercialobserver.com\/2025\/09\/courier-health-lease-135-madison-avenue\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>Commercial Observer<\/em> reported<\/a>. This is below the average for the area, which Yardi Matrix lists as $64.93 per square foot.<\/p>\n\n\n\n<p>Terry &amp; Tench Co. designed the asset in 1911. The building features 13 stories and 175,200 square feet in Manhattan\u2019s Gramercy Park submarket. Distyl AI will be joining a tenant roster including WeWork, Blender Workspace and Flos. Currently the ninth floor of the building remains unoccupied, with 15,038 square feet available for lease.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/cdo-stack-2026-ai-outlook-for-cre\/\">2026 AI Outlook for CRE<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The office building is listed as pet-friendly. Recent renovations included upgrades to the lobby, freight and passenger elevators, and tenant-controlled HVAC. At the property, WeWork also offers rentable spaces such as wellness rooms, private phone booths and meeting rooms. Blender Workspace has additional rentable office and event spaces in the building.<\/p>\n\n\n\n<p>Max Koeppel, director of leasing at Koeppel Rosen represented the owner in the agreement, while Savills represented Distyl AI. \u00a0<\/p>\n\n\n\n<p>\u201cThe space was fully built out and furnished, which made it desirable to Distyl and allowed for a quick move-in,\u201d Koeppel told <em>Commercial Property Executive<\/em>. \u201cIt was great to work with Distyl and the Savills team to arrange this full-floor lease at 135 Madison.\u201d &nbsp;<\/p>\n\n\n\n<p>In Midtown Manhattan, 135 Madison Ave. is within one mile of Penn Station and Grand Central Terminal, and close to the 33rd St. subway station. Also close by is the Empire State Building, Madison Square Park and Herald Square, as well as multiple dining and retail options.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ai-leasing-activity-in-nyc-ramps-up\">AI leasing activity in NYC ramps up<\/h2>\n\n\n\n<p>Koeppel commented that leasing activity in the market has picked up. Overall, Manhattan remains one of the top-performing metros in the nation for office investment, the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattans-office-sector-defies-national-slowdown\/\">Yardi Matrix office report shows<\/a>. The vacancy rate was at 12.8 percent as of September, below the national average of 18.6 percent.<\/p>\n\n\n\n<p>AI companies are starting to ramp-up their presence in the borough. Through September, companies with a core AI component leased approximately 486,000 square feet in Manhattan, <a href=\"https:\/\/www.bisnow.com\/new-york\/news\/office\/ais-nyc-office-footprint-is-having-a-growth-spurt-131214\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>Bisnow<\/em> shared<\/a> from a Savills report. This is a significant increase from the 414,000 square feet that was signed in 2024 and 265,000 square feet in 2023, pointing to a rising demand.<\/p>\n\n\n\n<p>In April 2025, AI work platform, Workday <a href=\"https:\/\/www.commercialsearch.com\/news\/ai-firm-grows-footprint-at-empire-state-building\/\">expanded its lease agreement<\/a> at the Empire State Building. The lease added an additional 12,338 square feet, bringing the total space to 39,069 square feet at the landmark.<\/p>\n\n\n\n<p>This past summer, AI platform AlphaSense <a href=\"https:\/\/www.commercialsearch.com\/news\/growing-ai-firm-signs-new-hq-lease-in-manhattan\/\">relocated its global headquarters<\/a> to CommonWealth Partners\u2019 Hudson Commons at 441 Ninth Ave. The company entered a 10-year, 50,000-square-foot lease in June. AlphaSense currently has around 500 local employees, and will be able to expand its space in the building to 100,000 square feet.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courier Health signed a similar lease at the property in September. <\/p>\n","protected":false},"author":3749,"featured_media":1004779893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[52485,34107],"class_list":["post-1004779892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-rosen-equities","tag-savills"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rosen Equities Sees New AI Tenant at Manhattan Office - 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