Square Expands and Renews at 1455 Market

August 3, 2018

Ivan Chavez

Tech Expert

Assistant Director, Savills Studley

CRE License # 01974498

Call (415) 617-9656

Square leased an additional 4 floors in their HQ building at 1455 Market St, bringing their total square footage up to 474,614-SF. As part of their expansion, they elected to renew their lease early to protect against future rent increases, in the wake of a massive leasing wave from the Fortune 500. Square’s transaction ranks only as the 6th largest for the year, falling behind Facebook, Splunk, Nektar Therapeutics, GM’s Cruise Automation, and WeWork. These six companies alone have leased 2 Million-SF in the first half of 2018.

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