SAN FRANCISCO—A landmark financial district building might be preparing to attract tech firms that are looking outside of the saturated SOMA tech stomping grounds. Bloomberg reports that the complex at 555 California St., once the city's largest office building, has about 200,000 square feet available for the first time since it was completed 45 years ago.
New York-based Vornado Realty Trust (VNO) has hired an architect to update the former Bank of America headquarters, and is seeking more technology tenants following leases with Microsoft Corp. and Supercell Oy.
San Francisco remains the best-performing US office market and the South of Market district has absorbed hundreds of tech tenants in recent years. Bloomberg says that has pushed newer and expanding firms into other submarkets, where space is a bit more loose.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
