Tech
In San Francisco’s AI frenzy, apartments are scarce and costly
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After Roy Lee’s artificial intelligence startup, Cluely, landed $5.3 million in venture capital funding this spring, he orchestrated a San Francisco real estate coup.
In May, Cluely leased eight apartments for its employees at a new luxury complex — where rents start at $3,000 a month and reach $12,000 a month for penthouse units — just a one-minute walk from its office in the city’s South of Market neighborhood. The apartments were a mix of one-bedroom and two-bedroom units in the 16-story building, which offers a fitness center, a rooftop bar,…
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