Modal Labs has signed a 156,763-square-foot lease at 32 Avenue of the Americas, according to Commercial Observer. The artificial intelligence infrastructure company plans to move its New York headquarters from 233 Spring Street to 32 Avenue of the Americas in mid-2027.
The deal will give Modal Labs space across floors 4 through 6. The company, founded in 2021, provides cloud infrastructure for artificial intelligence businesses and also has offices in San Francisco and Stockholm.
Modal Labs’ new space at 32 Avenue of the Americas marks a significant expansion for the company as it grows its New York operations. The lease term and asking rent were not disclosed.
Tenant: Modal Labs
Building: 32 Avenue of the Americas
Floor: 4-6
Lease term: Not disclosed
SF: 156,763