OpenAI Secures Major Office Lease in San Francisco

[Sanjeev Advani]

OpenAI, a leader in artificial intelligence, has leased the entire 315,000-square-foot building at 550 Terry A Francois Blvd. in San Francisco’s Mission Bay neighborhood. This marks the city’s largest office deal of 2024 and reinforces OpenAI's pivotal role in revitalizing the local office market.

The company now occupies close to 1 million square feet of office space in the city, further cementing its commitment to in-person work and long-term growth. This expansion comes as OpenAI's workforce has more than doubled, and it plans to hire 500 more employees by year’s end. With AI companies accounting for 15% of new leases this year, the sector is becoming a driving force in San Francisco's post-pandemic recovery.