In its bid to revolutionize the multifamily industry with artificial intelligence, EliseAI is obtaining traditional office space in Midtown Manhattan. The AI firm centered on housing and health care signed a lease for 109,000 square feet at the Chetrit Organization’s 401 Fifth Avenue, the Commercial Observer reported. EliseAI will occupy approximately half the building when it relocates from 33 East 33rd Street. The lease is for 10 years. Asking rent at the property is $80 per square foot, according to Newmark. The brokerage’s Brian Waterman, DavidWaterman and Alex Kesseler represented Chetrit in the lease. A JLL team including Evan Margolin, […]

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