We have been talking about 181 Fremont for some time, given that it is one of the most striking new skyscrapers in San Francisco and now Facebook is moving in! Facebook is coming to 181 Fremont in San Francisco and is leasing all of its 432,000 sq. ft. Class A office space. This is one of the biggest deals for a company in three years for San Francisco, leasing for about $80 per square foot. Facebook will move a small part of its Instagram team to 181 Fremont and between 2,000-3,000 Facebook workers. Based in Menlo Park, Facebook altogether has over 20,000 employees and moving to 181 Fremont gives the multi-billion dollar company room to expand. 181 Fremont is scheduled to be completed in December 2016 and FB will start occupying the building at the beginning of 2018.
181 Fremont’s Commercial Amenities
181 Fremont’s architecture is one of the most talked about in San Francisco. Its seismic stability, stunning views, LEED design efficiencies and central location all played a role in the selection process. Facebook also chose 181 Fremont for its enhanced privacy and security and all of these benefits will also be offered with the top floor residences. Its exoskeleton structure also makes for column-free open floor plans and unobstructed views of Downtown and the Bay.
Facebook employees at 181 Fremont will have access to the Salesforce Centerthat will be directly across the street. Both development projects are scheduled to be completed at the end of 2017. 181 Fremont will also direct access to the Transbay Transit Center and its 5.4-acre City Park landscaped with trees and amphitheater. Facebook employees will have this state-of-the-art, futuristic park as their backyard plus be surrounded by the world class San Francisco neighborhoods of South Beach, Rincon Hill, Soma and Yerba Buena within walking distance. Did I mention there are 67 condo high rises for sale at 181 Fremont on the topmost floors? Check out the full floor of amenities package here.
Other larger and established tech companies have leased big offices in San Francisco this year: Google, Amazon.com Inc. and Salesforce. Maybe this means residential real estate prices will continue to peak in coming years.
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