JLL says AI-exposed US real estate markets show strongest leasing resilience

Jones Lang LaSalle Incorporated

Jones Lang LaSalle Incorporated

JLL

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  • JLL flagged widening divergence across US real estate markets as AI job-displacement exposure overlaps with rising leasing demand from AI firms.
  • Research with MIT found office demand rebounding despite a 1.5% drop in US tech employment in early 2026.
  • AI-linked job cuts were 5% of 2025 reductions, while more than 1 million AI-related jobs were created from 2023-2025.
  • San Francisco saw nearly 30% of total leasing from AI companies since 2025 despite high AI-driven job-dislocation exposure.
  • Historically low US and European office construction is tightening supply, pushing trophy-asset rents to record highs.


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