Dropbox Just Signed the Biggest Lease in the City’s History

Dropbox just signed a lease for a whopping 736,000-square-foot office complex under construction in Mission Bay, according to sf.curbed.com. This makes it the single largest lease in San Francisco history. The new complex, a $570-million development, consists of four buildings located at 1800 Owens. Employees will begin moving in towards the end of 2018.

Dropbox will now occupy even more space than Salesforce, the San Francisco’s former leasing champ, which has a lease for 714,000 square feet in the City’s largest tower.

Facebook also made headiness recently by locking up space at the coveted 181 Fremont location. The social media company’s Instagram division will move to Yerba Buena when the tower opens in 2018.

Of 5.4 million square feet of office space under construction in San Francisco, 84 percent has been pre-leased. That is an astonishing figure!