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Skip to main content S.F. loses status as most expensive U.S. office market, dropping below Manhattan after five years on top FacebookTwitterEmail 1of2 A single car drives west on the San Francisco Oakland Bay Bridge on April 01, 2020 in San Francisco, California. The city has dropped to second-most expensive U.S. office market after five years on top.Justin Sullivan / Getty ImagesShow MoreShow Less 2of2 The Manhattan skyline is seen at sunrise from the 86th floor observatory of the Empire State Building on April 3, 2021.ANGELA WEISS / AFP via Getty ImagesShow MoreShow Less San Francisco has lost its status as the country’s most expensive office rental market, with asking rents falling below Manhattan for the first time in five years. ....
S.F. approves $1 billion Transbay tower, construction planned despite Salesforce s canceled lease FacebookTwitterEmail A rendering of the planned Parcel F tower, which San Francisco approved on Tuesday.Steelblue / San Francisco supervisors approved on Tuesday an 806-foot tower that will be the city’s fourth-tallest building, the culmination of a four-year process that included a fight over shadows and an office lease that was canceled by Salesforce after the pandemic popularized remote work. Supervisors voted 10-1 to confirm the Parcel F project at 542-550 Howard St. next to the Transbay transit center. A routine second vote affirming the decision is scheduled next week. ....
Salesforce cuts back on S.F. office space, canceling lease at unbuilt Transbay tower FacebookTwitterEmail 1of3 A rendering of the planned Parcel F tower where Salesforce canceled its lease.Steelblue /Show MoreShow Less 2of3 Salesforce has canceled its lease at the unbuilt Parcel F site, seen in 2019.Liz Hafalia / The Chronicle 2019Show MoreShow Less 3of3 Parcel F seen in 2019.Liz Hafalia / The Chronicle 2019Show MoreShow Less Exclusive Update: Salesforce is listing part of its San Francisco offices at 350 Mission St. for sublease. Go here for the latest information. Salesforce has canceled its 325,000-square-foot lease at the unbuilt Parcel F tower in San Francisco’s Transbay district after the company adopted a permanent remote work policy. ....
Salesforce cancels huge downtown office lease in SF FacebookTwitterEmail File photo of the Salesforce Transit Center nearby the tower planned for 542-550 Howard St.MediaNews Group/The Mercury News via Getty Images/MediaNews Group via Getty Images Salesforce, the city’s largest private employer, has canceled its 325,000-square-foot lease at the unbuilt Parcel F tower in San Francisco’s Transbay neighborhood, as first reported by the San Francisco Business Times. The company announced in February that more than half of its workforce will continue working remotely or on a flexible schedule after the pandemic is over. It is also subleasing part of its offices at 350 Mission St., according to the San Francisco Chronicle. (SFGATE and The San Francisco Chronicle are both owned by Hearst but operate independently of one another.) ....