Hot on the heels of Facebook nabbing coveted 181 Fremont space—the social media company’s Instagram division will move to Yerba Buena when the tower opens in 2018—Dropbox signed a lease this week for a whopping 736,000-square-foot office complex under construction in Mission Bay.
The announcement was made by the building’s developer, Kilroy Realty Corporation.
This makes the agreement the single largest lease in San Francisco history. According to San Francisco Business Times, the new complex, a $570-million affair, consists of four buildings located at 1800 Owens.
“The space will represent an expansion for Dropbox, which occupies 182,000 square feet at 333 Brannan St., a building Kilroy also owns, as well as 115,000 square feet at 345 Brannan,” reports the San Francisco Chronicle. “Dropbox currently has about 1,500 employees and 102 job openings in San Francisco.”
The company’s 15-year lease beats Salesforce, the former leasing champ in the city, who took top honors with a 714,000-square-foot lease with its eponymous tower.
This also means that, like many tech bigwigs clamoring for HQ attention, the company will now see more amenities, like higher ceilings, more open-floor plans, and rooftop decks galore.
Dropboxers will begin to move in late 2018.
- Dropbox taking entire building in Mission Bay—biggest lease in city history [SF Chronicle]
- Dropbox signs San Francisco's biggest office lease ever [SF Business Times]
- Facebook coming to San Francisco’s 181 Fremont [Curbed SF]