Early stages AI startups are imagining new life in San Francisco’s northern waterfront, post-pandicary landscape after the later signals of “for lease”. As San francisco business TimesFour AI-centric companies-Four supported by the Combinator-recently are leased 23,900 sq ft in the Waterfront Plaza Complex. It is part of a citieswide trend: AI firm is one of the few areas expanding in San Francisco, leased 1.6 million sq ft last year and is now occupying a total of 5 million according to the real estate services firm CBRE. (Unexpected, accounts for Openai A Chunk Of that overall figure.)
If CBRE estimates are to be believed, there is a lot to come. It thinks that these scary startups can reach 21 million in square feet within five years, possibly reduce the current 35.8% vacancy rate of the city and create tens of jobs. “This can fundamentally change the vibrancy of the city,” CBRE analyst Colin Yasukochi explained the outlet.
Waterfront plaza There is a total of five-construction complex of 442,000 square feet, whose tenant mixtures transfer with economic trends. It has a week among previous tenants.