Overview

• AI companies have leased over 1.7 million square feet of office space in San Francisco since ChatGPT's 2022 launch, helping to reduce downtown vacancies.
• Nvidia CEO Jensen Huang credits AI for revitalizing the city, calling it a new 'industrial revolution' that has boosted productivity and hiring.
• Residential real estate in San Francisco is rebounding, with 57% of homes selling above asking price in February 2025, the highest increase among major U.S. metros.
• Venture capital funding has shifted significantly toward AI, with nearly 50% of North American VC investments going to AI startups in 2024.
• If AI's growth continues at its current pace, it could occupy up to 12 million square feet of commercial real estate in San Francisco by 2030.