Treeswift Inc., an AI-powered infrastructure technology company focused on helping electric utilities modernize field operations, has signed a four-year lease for a new headquarters in Midtown Manhattan. The company is relocating its New York base to 256 W. 38th St., where it will occupy a full floor totaling 7,487 square feet. The Philadelphia-based tenant is expected to move into the new space in August.
Lee & Associates NYC announced the lease, noting that Treeswift selected the Midtown Manhattan location to serve as its New York headquarters. The transaction delivers the tenant a dedicated full-floor footprint, aligning its office layout with collaboration and operational needs as it continues to grow its platform for utility infrastructure management.
On the tenant side, Daniel Rodriguez of Buchbinder Warren LLC represented Treeswift in the lease negotiations. The landlord, Hakimian Organization, was represented by Todd Korren, Principal, Executive Managing Director, and Noah Caspi of Lee NYC. The representation structure underscores ongoing brokerage activity around AI and technology tenants seeking office space in Manhattan.
Treeswift develops AI-powered software and deploys LiDAR and sensor technology to help electric utilities collect and analyze field data. The company’s tools support infrastructure inspections, vegetation management, construction planning, wildfire mitigation and storm response, enabling utilities to improve how they monitor and manage critical assets in the field.
Commenting on the broader market, Korren observed that artificial intelligence companies have emerged as one of the most active drivers of office leasing demand in Manhattan. He noted that many of these firms are not exclusively targeting trophy towers, but instead are gravitating toward efficient, well-connected headquarters locations that can foster collaboration, attract talent and provide long-term value. According to Korren, Treeswift’s relocation to 256 W. 38th St. is consistent with this evolving tenant preference.
The deal highlights how specialized technology users, including AI-focused firms, continue to shape demand patterns in the Manhattan office market. By opting for a full-floor lease in a Midtown building rather than a top-tier tower, Treeswift’s move illustrates how growing tech tenants are leveraging more flexible, efficient office footprints to support their operational and workforce strategies.
