Salesforce Cancels Lease For New Tower

By John : thesfnews – excerpt

SAN FRANCISCO—Salesforce canceled their lease on its 325,000-square-foot at the Parcel F Tower that was planned to be built in the San Francisco’s Transbay District. In February, Salesforce adopted a permanent remote work policy due to the pandemic, allowing employees to work from home one to three days a week. Salesforce stated last month that the new policy would shape their real estate plans.

The news was first reported by the San Francisco Business Times on Monday, March 8 real estate developer Hines stated during a city hearing, the Salesforce lease for Parcel F, “…is no longer in hand.” The new tower was planned to be 61-stories of office space for Salesforce that is no longer needed under its new policies…(more)

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