Artificial intelligence is driving a wave of office leasing in a select few cities on both coasts, and investors are trying to follow closely behind.
A growing group of institutional buyers is zeroing in on the top office towers that have recently been magnets for AI and tech demand. They’re betting that the current outsized demand for gleaming spaces is here to stay and building strategies around the buildings that are most likely to keep their pricing power after the dust from AI dislocation settles.
“Office is repriced more than any other sector, and so that discount relative to past values is reason…​