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

Premium Space Availability Highest on West Coast

DC, Austin and NYC top tier space show resilience

Top Tier Non Lease-Up CBD Vacancy Rates - AI Cities

22.7% 23.6% 23.4%

25%

20%

15%

13.3% 11.8% 13.1%

10%

5%

0%

New York City

DC Metro

Southern California

SF Bay Area

Greater Seattle

Austin

Source: Cushman & Wakefield Research, 2023

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