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

The San Francisco Bay Area has the largest tenants on average, anomalies excluded. Median and Average TIM Size by Market Sub-Area

AI TIMs Composition by Market

140

131 K

129 K

120

100

80

72 K

64 K

64 K

60 K

53 K

60

50 K

Thousands SF

46 K

41 K

40 K

37 K

35 K

33 K

40

30 K

28 K

25 K

24 K

23 K

20 K

15 K

20

6 K

-

Southern Maryland

Northern Virginia DC Metro

Washington, DC Silicon Valley San Francisco Austin (With Outlier)

Austin (No Outlier)

New York City Greater Los Angeles

Puget Sound Eastside

Seattle

SF-Bay Area

Austin

Greater Seattle

Median AI TIM Average AI TIM

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

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