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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)
CoStar Analytics
November 19, 2024 | 7:16 P.M.

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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