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The Registry

Anthropic Subleases 30,000 SQFT From Meta at 181 Fremont as AI Firm Files for Record-Setting IPO

Via The Registry · October 27, 2026
Compiled by Real Estate Trail Editorial · October 27, 2026

Why this matters

Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.

Editorial analysis · Real Estate Trail Editorial

Excerpt from The Registry:
Anthropic now leases space in six South of Market buildings, and its latest sublease from Meta leaves just one 14,000-square-foot block open at 181 Fremont as citywide vacancy falls to 29.3 percent. Anthropic has take…
Read the full article at The Registry →

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