CNBC's Diana Olick sits down with Ryan Serhant to discuss the commercial real estate comeback, office demand, AI in real estate, branded residences and where he sees the market headed next. ...

AI Investment & Market Concentration - Venture capital investment in AI is heavily concentrated, with approximately 90% (plus or minus) flowing into the Bay Area [1] San Francisco Real Estate Market Impact - AI companies have generated approximately 6 million square feet of new leasing demand in San Francisco [1] - This demand has contributed to a decrease in vacancy rates within the San Francisco real estate market [1] AI Companies Leasing Strategy - AI companies are primarily engaging in short-term subleases rather than direct leasing, likely due to rapid growth and uncertainty about future space needs [2] Job Creation & Economic Impact - AI is demonstrating the potential to create jobs and stimulate demand, rather than solely displacing existing roles [2]