AI Leasing Surges to Record 954,000 SQFT on the South Peninsula as xAI Anchors Blockbuster Fourth Quarter

Artificial intelligence tenants now account for more than a third of all leasing activity in the submarket, according to a new Newmark report, as venture capital investment in Northern California AI companies nearly doubles year over year. Artificial intelligence companies leased a record 953,535 square feet across the South Peninsula in 2025, surpassing the previous […]