Home Commercial AI Firms Have Leased 10MM SQFT in Silicon Valley and the Peninsula Since 2020 as South Bay AI Demand Jumps 67%
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AI Firms Have Leased 10MM SQFT in Silicon Valley and the Peninsula Since 2020 as South Bay AI Demand Jumps 67%

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Artificial intelligence companies have leased about 10.0 million square feet across Silicon Valley and the San Francisco Peninsula since 2020, and the pipeline is still growing, with AI tenant demand in Silicon Valley up 67 percent year-over-year to 1.4 million square feet across 13 active requirements, according to Newmark's third-quarter 2026 data.

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