PGE’s Phased Move to Oakland to Take Five Years

After 115 years of being headquartered in San Francisco, PG&E Corporation and Pacific Gas and Electric Company plan to relocate to 300 Lakeside Dr. in Oakland beginning in 2022 in a phased move process.

OAKLAND, CA—After calling San Francisco home for 115 years, PG&E Corporation and Pacific Gas and Electric Company plan to relocate to 300 Lakeside Dr. in Oakland beginning in 2022 in a phased move process. PG&E expects the move to achieve near-term cost savings and result in substantially lower long-term headquarters costs.

In addition, PG&E will request approval from the California Public Utilities Commission to return the net gain realized after the future sale of its San Francisco headquarters to its customers. These transactions are also expected to collectively have a positive impact on tax revenues for both San Francisco and Oakland.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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