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Bay Area Holds Half of Nation’s AI Real Estate as San Francisco Tenants Fill 7.1% of Inventory

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JLL's 2026 study of artificial intelligence tenants finds the Bay Area holds nearly half of the 34.6 million square feet AI companies occupy nationwide, with San Francisco alone drawing $193.9 billion in venture funding since 2025 and no rival metro coming close on talent, capital or leasing.

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