Latest AI-Focused Company Grabs San Francisco Offices

Software company Postman has opened its new headquarters in San Francisco’s Financial District.

The company moved into 32,367-square-foot digs at One Market Plaza’s Steuart Tower near the Embarcadero, the San Francisco Business Times reported. The offices span the seventh and eighth floors in the 27-story building and mark a notable increase in space from a small office at 201 Mission Street a few years ago, according to the Business Times.

Companies like Postman are betting on San Francisco’s bounceback as several firms seek office space amid a stubbornly high office vacancy rate; last quarter, nearly 35 percent of San Francisco offices sat empty, according to a report from Cushman & Wakefield.

“In the tech community, there’s a lot of optimism,” Abhinav Asthana, founder and CEO of Postman, told the Business Times. “Seeing that energy again is very motivating.”

Postman plans to double its headcount in San Francisco from its current number of about 125 over the next year. It’s currently hiring for 65 Bay Area roles, according to Bisnow. Asthana anticipates the new office will play a critical role in operations as it doubles down on artificial intelligence.

“Opening our new San Francisco headquarters marks a pivotal moment in our company’s journey as we scale globally and deepen our commitment to AI innovation,” Asthana said in a statement last week. “This expansion positions Postman to attract the world’s best talent as we deliver on our mission of becoming the platform of record for [application programming interface]-driven, agentic systems.”

Postman has implemented a return-to-work policy with employees working three days in person each week. In March, San Francisco pulled out of last place nationwide in the return-to-office race.

As more companies focusing on AI expand in San Francisco and the Bay Area, the region’s office vacancy rates could be slashed in half, according to CBRE.

CBRE predicts that over the next five years, AI companies could grow into as much as 21 million square feet in San Francisco, up from the current 5 million footprint. The firm said between 50,000 and 60,000 new employees could flock to the city.

In addition to its new San Francisco headquarters, Postman has offices in Bangalore, Boston, New York City and Tokyo.

— Chris Malone Méndez