Hive AI Upgrades To 57,117 SF Headquarters At 100 First St. In San Francisco

Hive AI, a San Francisco-based company, has upgraded to a larger headquarters at 100 First Street. The new office space spans a total of 57,117 square feet, a significant increase from their previous location on 575 Market St, which occupied only 20,000 square feet. This move comes at a time when the market is contracting, making it noteworthy and establishing pricing expectations for sublet spaces compared to direct deals.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: N/A
• Address: 100 First Street
• Market: San Francisco
• Tenant: Hive AI
• Broker: James Walker - Kidder Mathews
• Asking Rent: $30 per square foot
• Lease Terms: 5.25-year

Hive AI's decision to upgrade their headquarters indicates their growing presence and the need for more space to accommodate their operations. The deal was facilitated by James Walker of Kidder Mathews, who represented Hive AI in this transaction.