SF office leasing activity rides AI wave to near 30-year high
Summary
San Francisco office leasing is climbing toward a near three-decade high as AI startups expand rapidly. Venture capital inflows are pushing companies to grow into larger, move-in-ready office space instead of chasing discounts. OpenAI and Anthropic are among the biggest drivers of this demand, each surpassing 1 million square feet of leased space this spring. The surge is also tightening sublease availability and adding pressure to the city’s housing market.
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