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Adept AI Labs Leases 35,000 Sq Ft Office Space In San Francisco's Area AI

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LEASED

California

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Office35,000 SF
Leased 08/10/2023
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LEASED

Adept AI Labs Leases 35,000 Sq Ft Office Space In San Francisco's Area AI

350 Rhode Island Street San Francisco, California 94103, USA

See Similar Deals
Office35,000 SF
Leased 08/10/2023

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:35,000 SF
Transaction Type:Lease

Adept AI Labs, led by David Luan, has secured a lease for 35,000 sq ft of office space at 350 Rhode Island Street in San Francisco's "Area AI." This industrial-zoned space is the latest addition to the city's growing cluster of AI and tech firms, showcasing their preference for unique locations amidst the current rise in remote work-related office vacancies.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 350 Rhode Island Street, San Francisco
  • Market: San Francisco
  • Asset Type: Office
  • Square Footage: 35,000 sq ft

This lease deal represents an exciting opportunity for Adept AI Labs as they expand their operations in San Francisco. With David Luan at the helm, the company is well-positioned to thrive in the city's thriving AI and tech sector. By securing a distinctive location in "Area AI," Adept AI Labs joins a community of like-minded companies driving innovation in artificial intelligence.

Details

LEASED
IMAGE: David Luan DATE: 08/10/2023 ADDRESS: 350 Rhode Island Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 35,000 TENANT: Adept AI Labs - David Luan NOTE: Adept AI Labs will lease 35,000 sq ft in San Francisco's "Area AI" at 350 Rhode Island Street, joining the city's growing cluster of AI and tech firms. This trend of AI companies seeking industrial-zoned spaces highlights their preference for distinctive locations amid the city's remote work-related office vacancies.

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Deal Type
Effective Rent (Annual)

$2,006,178.88

Total Lease Value

$20,061,788.80

Net Landlord Cash Flow$2,006,178.88