"People familiar with the matter have informed the San Francisco Business Times that xAI's lease at Page Mill Center may already have been finalized, adding to the company's existing headquarters at 1450 Page Mill Road. The two offices share a parking lot, reflecting Musk's strategy of consolidating his ventures. Tesla's engineering hub is also just a few blocks away. The new offices form a growing cluster of Musk-led companies in the heart of the Valley and come as xAI has listed over 250 job openings."
"Silicon Valley's office market, long subdued by remote work trends, is seeing renewed activity from AI firms. Hudson Pacific told investors this summer that tenant demand has reached a three-year high, with over half of new leases driven by artificial intelligence companies. Vacancy rates have now fallen for four straight quarters to 16.6% as well, CBRE reported. The expanding footprint of Elon Musk's companies in Palo Alto bodes well for the CEO's plans in the area."
xAI leased roughly 105,000 square feet at Palo Alto's Page Mill Center, adjacent to its headquarters at 1450 Page Mill Road. The two offices share a parking lot, consolidating Musk's ventures near Tesla's engineering complex a few blocks away. xAI has listed over 250 job openings across engineering, design, and technical roles. xAI oversees the large language model Grok, launched Grokipedia, and the startup has acquired the social media platform X. Hudson Pacific Properties, owner of Page Mill Center, declined to comment. Silicon Valley office demand has risen, with vacancy rates falling to 16.6% amid AI-driven leasing.
Read at TESLARATI
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