Dropbox’s San Francisco HQ to Promote for Report $1.08 Billion – NBC Bay Space
publisher’s Note: An earlier version of this story indicated that Dropbox is vacating San Francisco and selling the complex. The tech company rented the property from owner Kilroy Realty.
Dropbox’s four-building headquarters in San Francisco is being sold for a whopping $ 1.08 billion, according to a report from the San Francisco Chronicle.
The sale of the 750,000 square foot complex at 1800 Owens Street in Mission Bay by owner Kilroy Realty will set a record of $ 1,440 per square foot in San Francisco, The Chronicle reported. The buyer is unknown, but the sale is expected to close later this month.
Dropbox announced in October that it would move its employees to a permanent home office, the newspaper reported.
Other tech companies like Uber, Salesforce, and Yelp have vacated their San Francisco offices due to the relocation to fully or mostly remote workers.
Other big Silicon Valley companies like Tesla, Oracle and Digital Realty have announced that they will be relocating their headquarters to Texas.
