Facebook to Expand in San Francisco

While everyone's attention in recent weeks has been on Amazon, another huge tech company has made a big bet on San Francisco.

September 21, 2017, 10:00 AM PDT

By James Brasuell @CasualBrasuell

Salesforce Tower and 181 Fremont

Salesforce Tower (left) and 181 Fremont, under construction in November 2016. | Todd A. Merport / Shutterstock

"Facebook Inc. signed San Francisco's largest office lease in three years, taking the entire office portion of 181 Fremont in another blockbuster deal in the city," reports Roaldn Li.

The lease will take up 436,000 square feet of the new building, which is expected to open by the end of the year. That space is expected to hold 2,000 to 3,000 employees. "The world's largest social network had been looking to expand to the city for years as workers who live there longed for an easier commute," according to Li.

As hinted in the first quote above, San Francisco is having a banner year for large office deals. In June, reporter Blanca Torres was speculating that 2017 might set a record for big office leases

Thursday, September 21, 2017 in San Francisco Business Times

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