Salesforce.com signed the largest office lease in San Francisco’s history, agreeing to 714,000 sq. ft. at 415 Mission Street, a 61-story tower being developed by Boston Properties and Hines. The tower is expected to be the tallest building on the West Coast.
Technology start-ups swallowed up most of the available large blocks of office space in downtown San Francisco in the first quarter of this year, pushing up rents at class-A buildings and leaving little space for other firms, even with about three million sq. ft. of new construction now in the pipeline. Office leasing activity in San Francisco shot up by 25 percent in the first quarter, with six leases signed for more than 100,000 sq. ft., according to a report by commercial real estate ...
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