Legora, an artificial intelligence startup specializing in legal workspace technology, has leased the entire 11th floor at SL Green Realty's 11 Madison Avenue in New York. The 98,420-square-foot deal marks a full 10-year commitment and pushes the building to 100 percent occupancy.
SL Green represented itself through brokers Brian Waterman and Brent Ozarowski. The lease price was not disclosed, though Manhattan office space in trophy buildings like 11 Madison Avenue typically commands $60-80 per square foot annually for full-floor tenants.
This deal reflects growing demand from tech and legal services firms seeking premium Manhattan real estate. Legora's expansion signals confidence in hybrid work models for professional services, particularly in the legal sector where collaborative AI tools are reshaping how firms operate. The company built its platform around streamlining legal workflows through AI-assisted research, document review, and contract analysis, making it attractive to major law firms and corporate legal departments.
For SL Green, achieving full occupancy at 11 Madison Avenue marks a significant recovery milestone. The property is a cornerstone asset in Flatiron, one of Manhattan's toughest office markets over the past two years. Commercial office towers struggled with elevated vacancies and tenant flight through 2023 and 2024. Full occupancy here demonstrates investor appetite returning for well-maintained, iconic buildings in prestigious Manhattan locations.
For office landlords broadly, the Legora lease validates that large-footprint tenants still exist and will sign multiyear commitments for high-quality space. For competing office properties in Flatiron and nearby neighborhoods, this move tightens the available inventory and may support rent growth in the micromarket.
Legora gains a flagship New York headquarters in one of Manhattan's most recognizable addresses. The full-floor foot