OpenAI has signed a significant lease deal with Uber for office space in San Francisco's Mission Bay neighborhood. The artificial intelligence company will occupy 486,600 square feet of space across two buildings within Uber's four-building campus, near the Chase Center. This move marks one of the largest real estate transactions in San Francisco since the pandemic.
The lease is a sublease agreement and requires approval from landlords. The deal is a boost to San Francisco's beleaguered office market, which has struggled with high vacancy rates. City officials, including Mayor London Breed, view the transaction as a positive signal for the future of the artificial intelligence industry in San Francisco.
This isn't OpenAI's first major move in the area. The company has also signed another lease for 315,000 square feet at 550 Terry Francois Boulevard, further expanding its presence in Mission Bay. This new lease solidifies OpenAI's commitment to the area and reflects the company's rapid growth. As the AI industry continues to evolve, OpenAI's expansion in San Francisco's tech hub underscores the city's importance in the field.
