Amazing Amount of Positive Bay Area Office Leasing News!
Databricks is looking for 200,000 sf in Sunnyvale, another AI company making the news. Neuralink just took 144,000 sf at 499 Forbes Blvd. in South San Francisco. Pump.co leased 36,000 sf at 455 Market Street, AI Startup Abridge leased 80,000 sf at 208 Utah St., Anthropic took 104,000sf at Foundry Square III, Resolve I leased 37,000 sf at 350 Rhode Island North, Motive is taking 40,000 sf at Market Square North, Brex leased 98,000 sf at 270 Brannan St., and Kickiff sublet 56,000 sf at 633 Folsom, all these in San Francisco. According to Colliers, the San Francisco office vacancy has dropped to 31%, with a net positive absorption, only the second time in 23 quarters. In Oakland, tech firm Everlaw is doing a 74,000 sf expansion at 2101 Webster. Oakland’s vacancy is still around 29%. Sill all in all great office leasing news in the Bay Area!
