AI Upstart Perplexity Snags 22K-Square-Foot Union Square Office Spread

"The company has inked a new lease for the full 14,000-square-foot fourth floor at 841 Broadway and is combining it with the roughly 8,000-square-foot fourth floor it leased at 853 Broadway in June, creating one connected workplace of about 22,000 square feet, according to Commercial Observer. The term of the new lease has not been disclosed. Feil handled ownership's side of the deal in-house, while Perplexity was repped by Newmark brokers on the tenant side, per the report."

"Nathan Barksdale, Perplexity's general counsel and vice president of operations, told New York YIMBY that "the connected space gives us the visibility and flexibility we were looking for," adding that the new layout is expected to "spark creativity and collaboration" among staff. He also noted that staying put in Union Square was a priority as the company scales its local headcount."

"The two Feil Organization properties sit between East 13th and East 14th Streets just south of Union Square Park and function as a combined commercial complex of roughly 248,300 square feet, according to New York YIMBY. At the corner, 853 Broadway rises 21 stories, while 841 Broadway tops out at eight stories. Linking the fourth floors will let Perplexity operate across two very different buildings as if they were a single office."

Perplexity is consolidating about 22,000 square feet by combining the full 14,000-square-foot fourth floor at 841 Broadway with the roughly 8,000-square-foot fourth floor at 853 Broadway to create a single connected workplace. The lease term is undisclosed. Ownership's side was handled in-house by Feil, and Perplexity was represented by Newmark. The two Feil Organization properties sit between East 13th and East 14th Streets south of Union Square Park and together total roughly 248,300 square feet; 853 Broadway is 21 stories and 841 Broadway eight. Feil will remove the wall between the fourth floors to form one contiguous plate. Perplexity intends to remain in Union Square while scaling local headcount, and the connected layout is expected to spark creativity and collaboration. Other tenants include Nourish, Casa Komos and Lepercq de Neuflize & Co.

Read at Hoodline