The city may have the recent AI boom to thank for the boost, experts say.
According to data from VTS, San Francisco saw a recent boom in demand, experiencing a 10.2% demand increase in the most recent quarter.
It's perhaps unsurprising that AI companies seem to have San Francisco in their sights.
Quinn said JLL had 10 AI clients eyeing around 750,000 to one million square feet of San Francisco real estate.
One AI company, Hive, recently announced it was subleasing three floors of a downtown San Francisco office — taking over space previously occupied by software company Okta, Bloomberg reported.
Persons:
Alexander Quinn, Jones Lang LaSalle, Nick Romito –, –, There's, Romito, It's, Quinn, JLL, —, VTS's Romito, He's
Organizations:
Morning, PayPal, ChatGPT, San Francisco's Mission, San Francisco's, Economic, Workforce Development, Bloomberg
Locations:
Francisco, VTS, San Francisco, San Francisco's