San Francisco Office Demand According to One Source 390 Active Requirements Totallying 9 Million Square Feet!

The Registry reported that Newmark has identified 390 active requrements totaling 9 million square feet of San Francisco office demand. Half of this is AI. In one of my recent blogs, I reported that real estate consulting firm VTS predict if AI companies will lease 13 million square feet of office space in San Francisco during this year alone. If this does occur it will make the recent office building purchasers who have been buying troubled office buildings at 30% of their pre-Covid value financial wizards…