Cursor headquarters in San Francisco listed for $17 million
Cursor’s North Waterfront headquarters is back on the market for $17 million, nearly doubling the $9.5 million paid for it last year. The fully leased building reflects San Francisco’s fast-moving AI office boom.
Cursor’s headquarters at 295 Bay Street has been relisted for $17 million, a sharp markup from the $9.5 million paid for the North Waterfront property in 2025. The four-story, 35,590-square-foot building now sits at the center of a bigger San Francisco question: whether AI’s office demand is bringing downtown back on new terms, or simply flipping assets while the city still waits for fuller street-level recovery.
The building is fully leased to Cursor, the San Francisco-based AI coding startup also known as Anysphere. JLL’s listing says the company is valued at $29.3 billion after a $2.3 billion Series D funding round in November 2025, underscoring how quickly the firm has moved from startup status to one of the city’s most closely watched AI tenants.
Built in 1968 on a 0.36-acre lot, 295 Bay Street has been presented as a modernized office asset with seismic upgrades, skylights, a prominent lobby, an expansive open work area, an outdoor patio-deck and 69 deeded parking spaces. Those features fit the preferences of a fast-scaling technology company that wants flexible workspace, meeting areas and room for staff access, while still remaining in a central San Francisco location.
The property’s quick return to the market also highlights the whiplash in the city’s office sector. For much of the post-pandemic period, vacancy and weak demand weighed on older office buildings across downtown and the Financial District. AI firms have become one of the few groups absorbing significant space, helping put a floor under pricing in some neighborhoods even as many blocks still feel far quieter than before 2020.
At 295 Bay Street, the immediate story is a profit opportunity for the current owner. The larger one is whether companies like Cursor can do more than occupy square footage. San Francisco’s AI rebound is real, but the test now is whether that demand produces a healthier urban economy around it, or just a faster-moving market for office assets in the North Waterfront and beyond.
This article was produced by Prism’s automated news system from verified source data, official records, and press releases, then run through automated quality and moderation checks before publishing. The system is built and supervised by the people who set the standards it runs under. Read our full AI policy.
Did this article answer your question?
