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AI companies push San Francisco office leasing to pandemic-era high

Annual new leasing volume increased by 50%

ChatGPT creator OpenAI leased more than 300,000 square feet at the STUDIOS Architecture-designed 550 Terry A. Francois Blvd. in San Francisco. (CoStar)
ChatGPT creator OpenAI leased more than 300,000 square feet at the STUDIOS Architecture-designed 550 Terry A. Francois Blvd. in San Francisco. (CoStar)

Demand for office space in San Francisco continued to rise in the third quarter of 2024, giving beleaguered landlords hope that the city’s fortunes may be regaining some luster.

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