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Innovation Comes Home: SF Real Estate and Tech, AI Hype

November 25, 2024

Our recent San Francisco real estate newsletter explored the growing demand for SF real estate amid a new tech boom driven by investment in AI. Subscribe for free to get all our updates in your inbox. 💌


“Everywhere else, you’re a weird person who wants to start a company. Here, everyone is building.”

The SF Standard’s Rya Jetha explores why foreign AI founders are crossing oceans for San Francisco

“Attitudes about San Francisco have reversed since the pandemic,” the author says, as doom loop fears subside for AI hype—and a new appreciation for the city. 

“I told my co-founders, ‘We have to go to San Francisco.’”

It’s clear that the city has momentum. It’s magnetic. But will these new arrivals buy homes (your real estate agent asks)? Under the next administration, will they even be allowed to stay?

That’s a question for another newsletter, but as far as SF real estate goes, we see a trend emerging toward renewed demand in urban centers near the workplace, for multiple reasons:

  • SF offers a density of tech, talent, culture and ideas unlike anywhere else.
  • Many previously remote employees are being called back for in-person work.
  • Some who relocated to cities like Boise, Austin, or Miami may return to SF amid a changing political landscape following the 2024 election.

If you’re thinking, “That sounds suspiciously like a 2025 SF Real Estate Prediction… 🤔” you might be on to something. Our new year forecast will be out soon! Stay tuned.

Until then, we hope you have a very Happy Thanksgiving. Reach out with any real estate questions. And don’t forget to pay your property tax by December 10th!

robot comes home to san francisco, representing sf real estate homebuyer demand amid tech and ai hype
robot comes home to SF (art by Dall-E 3)

OFF THE PRESSES

San Francisco Real Estate in the news, and other interesting articles. Missed our recent newsletter on the topics above? Sign up to get all our updates directly in your inbox—no spam or games. Subscribe today.

AI founders are moving to SF from across the world to cash in on the boom
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