Founder & CRE Broker @ Onshore | Helping startups find office & industrial space | SF • Bay Area
San Francisco, CA
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My biggest problems with AI is that since LLM's every startup is the "layer" of some shit.
This is just a few of the "layers" from the last 2 YC batches
🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑
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Tenants at 410 Townsend St in SoMa have produced the following exits:
Yammer ($1.2B to @Microsoft)
Playdom ($763M to @Disney)
@Zendesk (IPO)
@Eventbrite (IPO) before getting spoon bent
@Macromedia ($3.4B to Adobe)
Building just sold for $604/SF, up from $280/SF in 2024.
This building has a more DPI than 99% of funds.
100% appreciation in two years, nice trade for Bridgerton and NY Life.
Going to see some monster IRRs printed over the next 12 months for anyone who started buying in SF in 2024.
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Sam Hodara retweeted
100% appreciation in two years, nice trade for Bridgerton and NY Life.
Going to see some monster IRRs printed over the next 12 months for anyone who started buying in SF in 2024.
SF office market has bottomed, this one is 40% vacant.
But deed in lieu is not the same as trading for X price
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How do you know if a VC is truly an alpha?
Their office is in the Presidio. That's it. That's all you need. Bonus if office has exposed brick. No DPI needed.
Who am I missing?
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Showplace Square in SF is slowly becoming a major hub for AI companies.
It started as a warehouse and industrial district serving the port, with rail spurs connecting factories to the piers.
In the 70s, Henry Adams converted big brick warehouses into furniture showrooms, attracting design businesses priced out of Jackson Square.
That’s where “Showplace Square” comes from.
Now AI companies are joining the mix.Because well thats what AI does.
Who did I miss?
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@scale_AI @togethercompute @physical_int @tfh_technology @AbridgeHQ @resolveai @weights_biases @CoreWeave @eightsleep @ousterlidar @labelbox
Plus @amazon Robotics, shown as “in talks
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Sam Hodara retweeted
Human-animal communication? Life on other planets? Alien priests? Once again back trying to bring a more eclectic discussion of the future to the internet with a new series of Forecast 2050.
Thanks to David Gruber (@ProjectCETI), Gen. David Petraeus, Patrick McGee (@PatrickMcGee_), Yi-Ling Liu (@yilingliu95), Laura Kreidberg (@lkreidberg), (@mpi_astro), Walter Goodwin (@fractile_ai), Sir Robin Saxby, Francesco Sciortino (@proximafusion), Adrian Woolfson (@AdrianWoolfson), Frank Fukuyama (@FukuyamaFrancis), and Father Brendan McGuire for joining us.
First episode with Father Brendan McGuire, Catholic Priest & External Advisor to Anthropic’s Claude Constitution, drops on Thursday.
More to come!
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Pretty sweet deal
Rare SF office opportunity.
Pay $350k rent instead of $1.2M! 😧
14,000 sq ft, 11 conference rooms and 3 phone booths
We’re subleasing our former Pear space at 1800 Owens Street—the Dropbox building. 14,000 sq ft, floor-to-ceiling glass, and genuinely one of the most beautiful offices you will see in SF!
Market rent is around $1.2M/year. We’re offering it for roughly $350K/year through the end of 2027.
If you want a spectacular SF home without paying spectacular SF rent, DM me! 🍐
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OpenAI wants more San Francisco office space.
Already past 1M sq ft in Mission Bay - including 282K they took off Dropbox at 1800 Owens in February. SF Chronicle this morning says another major deal in the works.
As software eats the world, OpenAI is eating up all the SF office space.
+ i find GPT's two interpretations of eating SF very funny.
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The SF startup office market in a nutshell.
Stay away from zombieland, no matter how much red brick and mahogany wood the office has.
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In 2022, 23 AI companies occupied 1.1M SF in San Francisco.
Today: 413 companies occupy 8.5M SF.
I suspect we’ll have a similar dynamic with industrial space for robotics and hardware companies in a few years time.
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SF VC'S have found a new watering hole in Jackson Square. 37+ firms in about six blocks.
Fun fact: These are 170 year old gold rush brick buildings and @ThriveCapital paid $9M for a firehouse at 451 Pacific.
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