Apple has reached an agreement to lease its first major office space in San Francisco, according to the San Francisco Business Journal.
Apple intends to sublease about 76,000 sq ft in the South of Market neighborhood’s 235 Second Street. The space is modest for company of Apple's size; however, it represents the company's first push into the city.
The SoMa building – on Second Street between Howard and Folsom Streets – has been marketing a two-floor sublease through 2022 from tenant CBS Interactive. The space, which has been marketed for seven months, could hold between 400 and 500 employees, based on industry standards for employee-per-square-foot.
The vacant floors have 'exposed ceilings' and a mix of offices and open area on floors that span about 38,000 sq ft. It's unclear how much the space is costing Apple but the area has monthly asking rents of $66/sq ft.
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Apple intends to sublease about 76,000 sq ft in the South of Market neighborhood’s 235 Second Street. The space is modest for company of Apple's size; however, it represents the company's first push into the city.
The SoMa building – on Second Street between Howard and Folsom Streets – has been marketing a two-floor sublease through 2022 from tenant CBS Interactive. The space, which has been marketed for seven months, could hold between 400 and 500 employees, based on industry standards for employee-per-square-foot.
The vacant floors have 'exposed ceilings' and a mix of offices and open area on floors that span about 38,000 sq ft. It's unclear how much the space is costing Apple but the area has monthly asking rents of $66/sq ft.
Read More