2025年下半年美国科技地产市场报告

H2 2025 U.S. tech industry leasing trends | H2 2025 AI VC funding in 2025 tech leasing activity share year-over-year growth inAI-related job postings National venture capital funding for AI companiessurged to $139.5 billion in 2025, eclipsing the previousyear's $79.9 billion by 74.6%. San Francisco captured58.2% of this capital—a dominant share that has beeninstrumental in fueling the city's office marketrecovery, while also spurring activity in several othermajor markets like Manhattan and Boston. While tech has experienced a significant pullback inleasing activity in recent years, the industry regainedmomentum in 2025 and reached a new post-pandemichigh, capturing 24.5% of major-industry leasing activity. AI-related job postings surged 81.2% year overyear, far outpacing the information sector'smodest 7.5% growth. This acceleration reflects enterprise-level adoptionof AI across multiple industries, particularlyhealthcare and finance, which is escalatingdemand for AI talent. The shift extends wellbeyond the information sector, which remainsrelatively flat following aggressive hiring during the2021–2022 low-interest-rate environment. As larger tech companies continue to push foremployees to return to office and AI companies start toscale, overall tech leasing is expected to increase. As non-traditional tech hubs continue expanding theirAI presence, they are poised to experience comparablemarket effects. Leasing activity share by major industry While tech has experienced asignificant pullback in leasingactivity in recent years, theindustry regained momentumin 2025, reaching a new post-pandemic peak in leasingactivity share among majorindustries at 24.5%. As larger tech companiescontinue pushing return-to-office initiatives and AIcompanies scale theiroperations, overall tech leasingis expected to rise. Tech job postings AI-related job postings surged81.2% year over year, farsurpassing the informationsector's modest 7.5% growth. This acceleration representsenterprise-level adoption of AIacross several industries,especially healthcare andfinance, which is driving asharp rise in demand for AItalent. That growth nowreaches well beyond theinformation sector, which hasstayed relatively flat after theheavy hiring seen during the2021–2022 low-interest-rateperiod. National AI VC funding National venture capitalfunding for AI companiesclimbed to $139.5 billion in2025, up 74.6% year over yearfrom $79.9 billion. SanFrancisco accounted for 58.2%of this capital—a significantshare that has played a centralrole in the city's office-marketrecovery, while also boostingactivity in several other majormarkets like Manhattan andBoston. As non-traditional techhubs continue expanding theirAI presence, they arepositioned to see similareffects. Top tech transactions | H2 2025 Local marketH2 2025 techindustrytrends Austin Austin’s tech sector leased over 850,000 square feet (sf) ofoffice space in 2025, demonstrating resilience amid sloweroverall leasing activity. Google's occupancy at Sail Towermarked a major milestone, while Nvidia expanded at theCrossings at Lakeline. Continued commitment from largetech tenants is expected to sustain leasing momentumand anchor office market recovery, particularly formodern, amenity-rich buildings. Austin has rapidly emerged as a leading AI hub, leveragingits strong talent pool and venture capital access. In 2025, AIcompanies captured nearly $2.3 billion in VC funding—33%of all venture investment in the market and a record high.This capital concentration is poised to drive sustainedcompany formation, job growth, and office demand,particularly for flexible, high-quality space supportingrapidly scaling tech firms. Class A properties, representing nearly 50% of Austin's officeinventory, captured 47.7% of YTD tech leasing by squarefootage. Sublet availability dropped sharply—33.4% in classA and 24% in class B—reflecting tenant confidence andflight-to-quality dynamics that are easing oversupply andrebalancing the market. These trends favor well-located,best-in-class properties with stronger performance andpricing power, while pressuring lower-quality assets toreposition or compete on value. Boston IT companies led Boston’s tech leasing activity in 2025,followed closely by SaaS. Major leases from DassaultSystèmesandKlaviyodrove strong performance in thesesectors, while defense tech posted significant activity throughlarge deals by Anduril and other tenants. With a rise in AI VCfunding, the percentage share of AI leasing is expected toincrease in 2026. Information sector job postings in Boston rebounded 22.6%year over year, while AI-related roles surged 68.2%. Thisgrowth reflects widespread enterprise AI adoption acrossindustries, particularly healthcare. Though still slightly belowpre-pandemic levels, the job market is recovering strongly,bolstered by major tech firms expanding or renewing theirBoston office presence in 2025. Boston achieved its highest AI funding year since 2021