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AI firms gain ground in Seattle, but traditional tenants still lead office demand

Local leasing trends contrast with San Francisco's AI-driven recovery
CoStar Analytics
August 31, 2026 | 3:28 P.M.

Artificial intelligence companies have become among the most closely watched office tenants in the Seattle region, fueled by high-profile expansions by firms such as OpenAI and a growing perception that AI is driving the office recovery. But most office demand continues to come from traditional occupiers. This contrasts with the trend in San Francisco, where AI firms have emerged as the dominant force in leasing.

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