Salesforce Leases Big Hole in Ground

December 19, 2018

Ivan Chavez

Tech Expert

Assistant Director, Savills Studley

CRE License # 01974498

Call (415) 617-9656

Salesforce continues to expand their commanding office presence in San Francisco with the addition of 325,000 RSF at TransBay Parcel F. The site at 564 Howard Street is currently a dirt lot, but will eventually become an 800-foot glass high-rise with both office and residential components. Once completed, the tower will be the fourth tallest building in San Francisco’s skyline. Salesforce employees will occupy the entire office portion of the building, which is in a prime location, connected to both the Transbay Transit Center and Salesforce Park; in addition to being in close proximity to Salesforce’s HQ at Salesforce Tower (415 Mission). Salesforce has signed the lease before the prospective tower has won key city approvals, which speaks to the extremely hot San Francisco office market and availability, especially for large blocks of office space. Salesforce now has space for 10,000 employees within San Francisco and has the possibility to expand, per Elizabeth Pinkham, Salesforce’s executive VP of global real estate, keeping their position as San Francisco’s largest private employer.

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