In the strongest signal yet that the AI tech boom is a rising tide that will lift the Bay Area’s struggling office sector, a rapidly expanding cloud-based data platform has signed the largest office deal in the region in nearly 15 years.

Snowflake, which has more than doubled the size of its workforce in the past two years, has inked a deal to sublease a 773K square foot campus in Menlo Park from Meta.

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
NOT FOR REPRINT

© 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.