But despite its economic troubles, San Francisco has quietly benefited from the recent generative AI boom. Alexander Quinn, senior director of research at commercial real estate company JLL, said his firm sees bright spots in San Francisco’s commercial real estate market as AI companies drive office leasing demand. Quinn said his firm knows of 10 AI companies currently on the hunt for office space in San Francisco. However, not everyone in the commercial real estate space believes the recent AI boom is enough to revive the city. “I think the crash is coming, and it hasn’t happened yet,” he added, referring to commercial real estate prices.

Source: CNN July 11, 2023 15:01 UTC