S.F.'s Top 5 Leases of Q1
The S.F. market is still heating up and tenants are grabbing up chunks of space. Our pals at Avison Young helped us track down the top five leases of Q1.
1. Uber
Address: 555 Market
Landlord: Manulife
SF: 173k SF
Uber is creeping up on Salesforce in terms of square footage taken across the city, having just signed for a big block on Market Street and eating up the space Omnicom is leaving behind.
2. Advent Software
Address: 600 Townsend
Landlord: TODA America
SF: 129k SF
The tech co inked a renewal this quarter for a big chunk of this SoMa building.
3. First Republic
Address: 388 Market
Landlord: Honorway Investment Corp
SF: 100k SF
The bank renewed because it has a large block at 111 Pine and 1 Front and wished to stay close to “the campus," according to Dunhill Partners West CEO Mark Hutchinson, who brokered the deal. Plus First Republic enjoys significant signage on 388 Market and it’s a quality building in a quality location with underground valet parking and a private fitness center.
4. Cooley
Address: 101 Cal
Landlord: Hines
SF: 100k SF
The law firm decided to renew for 100k SF at the iconic Financial District tower.
5. MixPanel
Address: Orrick Buidling
Landlord: Norges/TIAA-CREF
SF: 60k SF
Custom Spaces recently brokered the deal, which had the analytics firm leave behind 17k SF at 799 Market. Mixpanel plans on doubling headcount every six to nine months. The company's also expanding to New York and building out a sales team thanks in part to a $65M round from Andreessen Horowitz.
