Facebook finds a new home in San Francisco

Posted by Leslie Bauer on Monday, October 2nd, 2017 at 3:28pm.

There is good news for San Francisco and one of its premier high-rise communities known as 181 Fremont. Facebook will rent all of the building's 436,000 square feet of office space, which is nearly the entire lower half of the building, from the 3rd to the 34th floor. It is said to be costing Facebook close to $80 a square foot, or $35 million, and is one of the most significant leasing transactions in San Francisco in years. Although the building is still under construction, completion is scheduled for early 2018. Located in the growing south of market district, the building was designed by the architectural firm Heller Manus, and is famous for its state-of-the-art engineering as well as its remarkable condominium residences on the upper 15 floors. With its five story concrete basement anchored into bedrock, the building is one of the strongest and most earthquake resistant structures in the world. Facebook has been looking for an office in the city for some time now, and it is not surprising that the the leader in global technology would find a new home at 181 Fremont. The new offices will accommodate 2000-3000 employees, many of whom live in San Francisco and currently have to commute to the company’s headquarters in the South Bay now. Just one block from the Transbay Center complex, the building is located in an area of the city that many consider to be the "new center San Francisco". It is here that the construction boom has been going on for some time now, having completely altered the look of the city we once knew.

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