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AI startups continue fueling San Francisco’s office recovery

  • Five AI-focused startups, four backed by Y Combinator, recently leased 23,900 square feet at San Francisco's Waterfront Plaza complex.
  • AI firms are one of the few sectors expanding in San Francisco, leasing 1.6 million square feet last year and now occupying a total of 5 million square feet.
  • CBRE projects potential growth to 21 million square feet for AI startups within five years, which could significantly reduce the city's current 35.8% vacancy rate and create thousands of jobs.
  • Waterfront Plaza, a 442,000 square feet campus in San Francisco, has experienced tenant shifts with economic trends and previously hosted WeWork among its occupants.

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