Headquartered in San Francisco, USA, OpenAI is leasing its first office in New York City. This has given landlords hope that the emerging artificial intelligence industry will have a greater interest in office space.

According to sources, the ChatGPT developer reached an agreement this month to lease 0.09 million square feet of office space in the iconic Puck Building in Manhattan.

In September of this year, OpenAI rented an entire six-story building in the Mission Bay community of San Francisco. This is the largest office lease in the city so far this year. About a year ago, the company also subleased two buildings in San Francisco from Uber Technologies. It is expected that the company will soon announce the opening of more offices.

Other major artificial intelligence companies, such as Anthropic and Palantir, have been buying land in New York, the Bay Area, Denver, Atlanta, and Seattle.

After experiencing a painful period of rising vacancy rates, falling rents, and low stock price transactions, the office market has consistently shown signs of stability, including a rebound in leasing in some cities including New York in the third quarter.

A new demand from a rapidly growing corner of the technology industry provides another positive sign, as many large technology companies have been reducing office space this year.

Jacob Rowden, office research director at Jones Lang Lasalle (JLL), said: 'AI will not be a panacea for the office market. But it is part of a broader recovery story.'

Ai companies have a particularly strong presence in the rental market in San Francisco, which is the city most heavily impacted by the remote work trend. Data from Jones Lang Lasalle shows that Ai companies have leased approximately 5 million square feet of office space in San Francisco, accounting for over 5% of the city's total office space.

Overall, Ai companies signed 57 office lease agreements in San Francisco this year, with 40 leases coming from small to medium-sized companies leasing office space for the first time.

The demand for space comes mainly from companies focusing on artificial intelligence, as well as a large number of companies such as Google, Microsoft, and Apple who are heavily investing in artificial intelligence.

Chris Roeder, Brokerage Director at the Jones Lang Lasalle San Francisco office, said that over the next six years, the space leased for artificial intelligence could quadruple.