Artificial Intelligence Companies Hunt for San Francisco Offices
- Hive is subleasing three floors of a downtown building
- Other tech companies have been cutting office footprints
Buildings in the downtown skyline of San Francisco, California.
Photographer: Jason Henry/BloombergThis article is for subscribers only.
Hive, an artificial intelligence company, is subleasing three floors of a downtown San Francisco office, a sign of life in a market beleaguered by soaring vacancies after some major technology companies pulled back.
The AI firm plans to occupy about 57,000 square feet (5,300 square meters) at 100 First St., taking over space in the 27-story tower that software company Okta Inc. leased in 2017, according to Alexander Quinn, lead Northern California researcher for Jones Lang LaSalle Inc. Okta previously reported plans to scale back its real estate footprint.