Resolve AI Expands San Francisco Headquarters in New Lease

Resolve AI is the latest artificial intelligence company to grow its footprint in San Francisco.

The software automation startup has leased 37,000 square feet at 350 Rhode Island Street in Potrero Hill, the San Francisco Business Times reported. The company, founded last year, is planning to relocate its San Francisco headquarters, currently spanning 3,400 square feet at 375 Alabama Street in the Mission District.

Resolve’s new offices will be in the south building of the two-building 350 Rhode Island complex. PCCP owns the south building, previously home to the headquarters of internet-of-things company Samsara, which moved to South of Market in 2019 and began leasing all of the One De Haro building in 2021.

Resolve has increased its headcount significantly over the past year, according to the Business Times. It’s the latest AI company to pick up office space in San Francisco, though its latest lease stands out as the majority of AI leases are for less than 10,000 square feet of space, per JLL.

Last month, AI robotics startup Skild AI inked a notable office lease of its own in the Bay Area, grabbing nearly 32,500 square feet at 970 Park Place in San Mateo. The month before that, AI startup Glean, based in Palo Alto, signed on to expand its Bay Area presence with an additional 45,000-square-foot office in San Francisco.

The AI sector was partially responsible for helping lower San Francisco’s office vacancy rate last quarter, marking the third straight quarter it’s gone down, according to CBRE data cited by the Business Times. It fell 1 percent quarter-over-over to 34.8 percent.

As it stands, AI firms occupy approximately 5 million square feet of offices today, though CBRE estimates that number to quadruple to 21 million square feet over the next five years. If that happens, it would effectively cut San Francisco’s current office vacancy rate in half.

— Chris Malone Méndez