Part 2/8:
San Francisco is currently grappling with record-high commercial real estate vacancy rates, reported at a staggering 36.9% according to CBRE. However, there is newfound optimism as AI startups, including OpenAI, emerge as potential catalysts for economic revival. As reported by CoStar, AI companies now account for approximately 15% of office leases in the city, and OpenAI has recently made waves by orchestrating the largest commercial deal this fiscal year.