Adaptive Security, an AI-powered cybersecurity firm, has committed to a 51,220-square-foot long-term sublease at 120 Broadway in Lower Manhattan. The transaction provides the company with a significantly larger footprint as it relocates from its prior 18,200-square-foot office, reflecting its rapid expansion trajectory.
Savills represented Adaptive Security in the sublease negotiations. The tenant representation team included vice chairman Zev Holzman, corporate managing director Christopher Foerch, associate director Will Demuth and associate Riley Scanlon. On the sublandlord side, BarkBox was represented by CBRE, with senior vice president Ross Zimbalest leading the assignment.
Holzman noted that the Manhattan office market remains highly competitive, especially for AI and technology users looking for move-in-ready space that can support ongoing innovation. He highlighted that tightening demand in core Midtown and nearby submarkets has made it more challenging for such tenants to secure large, modern offices that align with both current operations and future growth plans.
Within that context, the Savills team worked to identify a solution at 120 Broadway that could accommodate Adaptive Security’s near-term requirements while also allowing for additional scaling over time. The long-term sublease offers a substantial increase in square footage compared with the company’s previous location, supporting its need for expanded space as headcount and operations grow.
Adaptive Security’s expansion is underpinned by recent fundraising activity. In its most recent Series B funding round, the company raised $81 million. The round included participation from several prominent leaders in the AI sector, reinforcing the firm’s positioning within the broader technology ecosystem and supporting its ability to commit to a larger office requirement.
The deal at 120 Broadway illustrates how growing technology and AI-focused companies are competing for high-quality, ready-to-occupy office space in Lower Manhattan. As availability tightens in core business districts, sublease opportunities such as this can offer expansion-stage firms a path to secure sizable, modern premises while aligning with their growth timelines and operational needs.
