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

The San Francisco Bay Area is most evenly split AI TIMs Composition by Market Sub-Area

AI TIMs Composition by Market

1,305 KSF

1,400

1,151 KSF

1,200

1,000

900 KSF

800

600

488 KSF

448 KSF

Thousands SF

333 KSF

400

198 KSF

200

-

San Francisco

Silicon Valley

Seattle

Puget Sound-Eastside

Washington, DC

Southern Maryland

Northern Virginia

SF-Bay Area

Greater Seattle

DC Metro

Max Target SF

Source: Cushman & Wakefield Research, 2023 Note: San Francisco includes pre-OpenAI lease total

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