John P. Kim

John P. Kim asked about the recovery in San Francisco, specifically whether BXP's high-rise products are currently attracting AI demand, plans to address this, and initial thoughts on Salesforce's $15 billion commitment to the city.

Answer

President Douglas Linde explained that current AI demand in San Francisco is concentrated in low-rise, south of Mission Street buildings, seeking inexpensive, furnished, short-term space, which differs from BXP's high-rise offerings. He highlighted strong activity at 680 Folsom for AI companies. Rod Diehl commented positively on Salesforce's commitment as meaningful for the city, bringing optimism, but noted that specific details were not yet known.

John P. Kim asked about the recovery in San Francisco, specifically if BXP's high-rise products are attracting AI demand, and for initial thoughts on Salesforce's $15 billion commitment to the city and its potential impact on job growth and office demand.

Answer

Douglas Linde (President, BXP Inc) explained that current AI demand is concentrated in low-rise, south of Mission Street properties, seeking shorter-term, less expensive, furnished space, rather than high-rise towers. He noted strong activity at 680 Folsom Street, which fits AI company growth profiles, and expressed optimism about Salesforce's commitment as the largest private employer in San Francisco.