{"id":410068,"date":"2026-07-23T23:39:03","date_gmt":"2026-07-23T23:39:03","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/410068\/"},"modified":"2026-07-23T23:39:03","modified_gmt":"2026-07-23T23:39:03","slug":"brex-expands-san-francisco-offices-in-south-beach","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/410068\/","title":{"rendered":"Brex Expands San Francisco Offices in South Beach"},"content":{"rendered":"

Another artificial intelligence-backed tenant is adding to the great AI lease-up<\/a> of San Francisco.\u00a0<\/p>\n

Fintech firm Brex signed a full-building, 200,000-square-foot lease for 270 Brannan Street, the San Francisco Chronicle reported<\/a>. The deal was negotiated by JLL\u2019s Charlie Hanafin, Chris Roeder and Jak Churton on behalf of landlord Mitsui Fudosan America.\u00a0<\/p>\n

Brex\u2019s new lease more than triples the amount of office space it once held. It abandoned its Financial District headquarters in 2021 for a remote-first work setup but returned to San Francisco last year with a roughly 100,000-square-foot lease<\/a> at the 270 Brannan building. Now, with 200,000 square feet under its belt, Brex boasts more than three times the amount of office space it held when it left San Francisco five years ago.\u00a0<\/p>\n

The company was acquired by Capital One<\/a> in April and has expanded into being a financial platform for managing expenses, payments and other business operations. The AI boom\u2019s push on housing and office demand in San Francisco and across the Bay Area fueled Brex\u2019s decision to grow.\u00a0<\/p>\n

\u201cWe look at the momentum building around AI and see a city entering its best years yet, and we\u2019re planting ourselves right in the middle of that,\u201d company President Ben Gammell said of the lease deal.\u00a0<\/p>\n

The second quarter of this year was the seventh consecutive quarter of positive net absorption in San Francisco, according<\/a> to CBRE. AI startups accounted for about one-third of all leasing activity in the city, grabbing nearly 1 million square feet as leasing activity totaled 3 million square feet.\u00a0<\/p>\n

Leasing activity has told a tale of two cities depending on the neighborhood. AI companies were responsible for much of the lease deals in neighborhoods like China Basin and Mission Bay, the latter being home to OpenAI, which registered the lowest office vacancy of any submarket at 17 percent. Vacancy in the Yerba Buena area, meanwhile, was highest at 62.7 percent.\u00a0\u00a0<\/p>\n

As in Silicon Valley, many firms are seeking top-tier office space in San Francisco rather than older buildings. Class A buildings accounted for 77 percent of leasing activity in the second quarter. The 270 Brannan Street building was erected in the South Beach neighborhood, near OpenAI\u2019s headquarters<\/a>, a decade ago.\u00a0<\/p>\n

\u2014 Chris Malone M\u00e9ndez<\/p>\n

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Brex reverses course on remote work, leases 100K sf offices in SF<\/p>\n

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SF\u2019s great AI lease-up continues with latest firm growing nearly sixfold in SoMa<\/p>\n

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SF office leasing activity rides AI wave to near 30-year high<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Another artificial intelligence-backed tenant is adding to the great AI lease-up of San Francisco.\u00a0 Fintech firm Brex signed…\n","protected":false},"author":2,"featured_media":410069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[164276,101,103,102,104,106,105],"class_list":["post-410068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-brex-san-francisco-offices","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=410068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/410069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=410068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=410068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=410068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}