The city of San Francisco, which has seen its downtown hollowed out by empty office buildings, has decided to leverage the crisis to its own advantage by securing a discount deal to anchor a Market Street office tower.

The city’s agreement with landlord Hudson Pacific Properties for 1455 Market Street—a 22-story tower that once served as the headquarters for ride-sharing giant Uber—includes a long-term lease for 157K SF, which begins with a base rent of $40 per SF, and an option to buy the 1M SF tower, the San Francisco Chronicle reported.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.