From AI to Absorption: Office Demand, AI Talent Concentrations, and What it Means for Data Centers

Slide Number 11
Key Takeaways3
Key Takeaways4
Commercial Real Estate5
San Francisco Bay Area Still an AI Hotspot6
AI TIMs Composition by Market Sub-Area7
Median and Average TIM Size by Market Sub-Area8
High Vacancy Presents Opportunity for AI Tenants9
Premium Space Availability Highest on West Coast10
Leasing Activity Still Down from Pre-Pandemic Level11
AI Talent Landscape12
AI Talent Is in High Demand but Has Cooled Recently13
Washington, DC Leads the Pack for AI Job Postings14
Hiring for AI-Related Occupations Trending Upward15
MAMAA Companies Rank 4th in AI Job Postings16
Software Devs and Data Scientists in High Demand17
Number of AI-Related Degrees Nearly Tripled from 201018
AI-Related PhD Completions Growing19
AI Company Landscape20
Global Top 100 AI Co. HQ’s Concentrated in California21
Vertical Platforms Expected to Grow 31% Annually22
AI Semiconductors Expected to Grow 19% Annually23
Venture Capital Activity Lower After 2021 High24
Data Centers25
Long-Term Semiconductor Market Growth Expected27
Least Expensive States for Commercial Power28
Large Language Models Use a lot of Power to Train29
Hypothetical Electricity Cost to Train GPT-3 by State30
Power Usage Effectiveness Gaining Greater Efficiency31
Rack Densities Increasing with Compute Requirements32
Demographics & Emerging Markets33
Established AI Hubs Seeing Long-Term Job Growth34
Emerging Markets Primarily Located in The Sunbelt35
Emerging Markets Typically Investing In Education36
Emerging Markets Offer Model Training Savings37
Future Trends & Considerations38
Top 10 States by Renewable Production Mix39
Texas is #1 in Total Renewable Energy Production40
Environmental Considerations in Data Center Site Selection41
Glossary of Key Terms43
Job Postings Parameters44
Slide Number 4545

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