SAN FRANCISCO—A landmark financial district building might be preparing to attract tech firms that are looking outside of the saturated SOMA tech stomping grounds. Bloomberg reports that the complex at 555 California St., once the city's largest office building, has about 200,000 square feet available for the first time since it was completed 45 years ago.
New York-based Vornado Realty Trust (VNO) has hired an architect to update the former Bank of America headquarters, and is seeking more technology tenants following leases with Microsoft Corp. and Supercell Oy.
San Francisco remains the best-performing US office market and the South of Market district has absorbed hundreds of tech tenants in recent years. Bloomberg says that has pushed newer and expanding firms into other submarkets, where space is a bit more loose.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
