SAN FRANCISCO—UBER Technologies Inc.—acutting-edge technology platform designed to connect drivers andriders in order to help facilitate convenient, seamlesstransportation options—has expanded its lease at 1455 Market St. by an additional 130,434square feet. The lease now totals 218,568 square feet.

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In July 2013, UBER signed a lease encompassing 88,134 squarefeet of initial occupancy at the Hudson Pacific PropertiesInc. building.

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Occupancy under the expansion is expected to occur in stages,with 24,270 square feet of currently vacant space scheduled forcommencement in October 2014, and 14,364 square feet of currentlyvacant space scheduled for commencement in November 2014. Theremaining 91,800 square feet backfills a corresponding amount ofspace currently occupied by the project's largest tenant that wasscheduled to expire in December 2015; this space is scheduled to beoccupied in April 2015.

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With the execution of this expansion and another earlier signedlease with Rocket Fuel Inc., the office componentof 1455 Market is effectively fully leased.

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“This lease expansion with a very successful San Francisco-basedtechnology company exemplifies Hudson's strength in operatingbest-in-class office properties, with a strong technology, mediaand entertainment tenancy,” says Victor J.Coleman, chairman and CEO of Hudson PacificProperties.

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Hudson Pacific Properties did not provide GlobeSt.com with anyadditional commentary by deadline. 1455 Market Street is a1-million-square-foot, 22-story, class-A office building situatedon 3.01 acres and located in the Mid-Marketsubmarket of San Francisco, which has become one of SanFrancisco's newest technology and business hubs. 1455 Market is inclose proximity to some of San Francisco's largest government andcultural institutions.

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As GlobeSt.com previously reported, in 2013, roughly 800,000square feet was occupied by tech companies either migrating (orexpanding) from Silicon Valley to San Francisco. Mid-Market has seen an increase in activity:Twitter leads the charge with its headquarter movein early 2013 and is looking to expand into 1 Tenth (337,909 squarefeet) come 2014, as GlobeSt.com reported. As the technology sectorcontinues to grow, look for Mid-Market to become the new tech hotspot, says brokerage firm Avison Young.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.