The monthly real estate statistics for San Francisco, most of which are lagging indicators, still paint a grim picture of a deserted downtown, with overall office vacancy rates in the city approaching 32%.
The monthly tally of VC billions flowing into generative AI startups in San Francisco and the non-stop flurry of startup launches are leading indicators of an economic tide that points to San Francisco regaining its footing as the global leader of tech innovation.
The generative AI gold rush in San Francisco was the primary driver behind a 10% surge in office demand in the second quarter, according to new data from VTS.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
