Bay Area officials want more housing to keep up with the A.I. boom. One developer sees a different opportunity.

As the A.I. industry pushes up costs in San Francisco, one developer has opted to lean in and build office space for the city’s wealthy new tenants.

A residential neighborhood in San Francisco. (Photo by Michael H via Getty Images)

San Francisco Mayor Daniel Lurie declared a “rent emergency” on Thursday. The declaration is little more than symbolic but puts real policy proposals — albeit not the kind of supply-side policy proposals that would address the underlying issue — on the table. Proposals inc…