Dropbox, which is currently headquartered at 333 Brannan Street, has inked a record-setting lease for all 736,000 square feet of future office space at The Exchange on 16th which is currently under construction in Mission Bay.
The 15-year lease, which doesn’t include the development’s 14,000 square feet of future retail space, represents the single largest Class A office space lease in the history of San Francisco and is slated to commence in the fourth quarter of 2018. Dropbox will take possession in three phases over the subsequent year.
The Dropbox lease for 333 Brannan, which totals 182,000 square feet, was inked in 2014 with a 12-year term commencing in 2015 and was subsequently expanded to include all 110,000 square feet of space at 345 Brannan Street as well.
For context, the Facebook lease for the tower at 181 Fremont Street totals 432,000 square feet.