Growth Requirements Spur Downtown Expansion
Cushman & Wakefield advised Salesforce.com through San Francisco’s most prolific office expansion on record for a non-governmental enterprise, transacting on over 1.3 million square feet to create a vibrant new urban campus in the heart of downtown San Francisco.
Facing an immediate need for space to accommodate substantial growth, Salesforce was responsible for the city’s two largest office leases (and three of the city’s five largest leases) in 2012. Through a series of complex transactions that included a brand new high-rise development that will accommodate projected growth requirements beyond 2015, the Salesforce.com footprint in downtown San Francisco grew to nearly two million square feet of leased space.
The deals were lauded throughout the city, including by Mayor Ed Lee, who said in a statement, “Salesforce.com’s decision to continue their expansion in San Francisco is positive proof that our City and its workforce are perfect for growing technology and innovation companies.”