San Francisco may be in their genes, but their jeans may soon be in Oakland. Denim giant Levi Strauss & Co. has called San Francisco home since 1853 and currently leases 823,000 square feet of space at 1155 Battery Street, a.k.a. Levi's Plaza. In preparation for the lease's expiration date in 2012, the company has sent out several requests for development proposals from East Bay developers. But with such a long history and strong association with San Francisco, why the (possible) move? It's a money thing— like other companies, Levi's is tightening its belt, so to speak. Oakland's commercial rental rates are on average less than SF's by $13 per square feet.
· Levi Strauss eyes move out of San Francisco [SF Business Times]
[image via flickr user svonog]
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