Harvey AI took the final available suite at 1 Madison, pushing the building to full occupancy and illustrating how AI tenants are now part of high‑profile Manhattan office repositionings, market reports say.
Harvey AI’s lease at 1 Madison and aggregated AI-related deals helped push AI firms into a noticeable share of Manhattan office absorption in the quarter, market reports show.
Empire State Development’s announcement on Coinbase hiring and a stronger quarter for Manhattan office leasing underscore New York’s effort to attract and keep high-value technology jobs.
Empire State Development on March 4, 2026 announced Coinbase will expand in New York City, citing more than 600 high‑tech jobs and over $750 million in annual R&D activity — a signal about the city’s effort to retain high‑value tech employment.
Empire State Development on March 4, 2026 announced Coinbase’s expansion in New York City, citing more than 600 high‑tech jobs and over $750 million in annual research and development activity. The deal is being read as a signal of how the city wants to compete for top tech employers.
Harvey AI’s lease at 1 Madison and a wave of AI-related deals helped push AI firms from a peripheral category to a meaningful part of Manhattan’s leasing activity this quarter, according to market reports.
New York’s push to attract high‑tech jobs, underscored by Coinbase’s announced expansion, is meeting a Manhattan office market that has shown renewed leasing activity in recent months. How much of that demand will translate into long‑term occupancy of premium buildings remains uncertain.
New York’s push to attract high‑tech jobs is intersecting with a Manhattan office market that is seeing renewed leasing activity in premium properties, executives and market briefs say. Coinbase’s expansion and a CREDaily Q1 leasing surge are focal points.
Empire State Development’s announcement on Coinbase’s New York expansion, plus a strong quarter for Manhattan leasing, highlights public and private signals in the city’s drive to attract and keep high-value tech employment.
Reports show Harvey AI’s lease at 1 Madison Avenue and rising AI-related leasing totals are increasingly driving Manhattan office absorption, say recent market reports.