51–60 of 162 posts
I mentioned this to someone, but Salesforce had already publicly disclosed at least 714,000 square feet in 2014 for the (now) Salesforce Tower with rumors they'd already expanded another 200k [1]. I don't think it's a particularly meaningful number either way, as what matters (if any of it does) is total square footage in the city not in a single building / lease. [1] https://www.bizjournals.com/sanfrancisco/news/201…
So, they currently have ~300k square feet. They are expanding to a space with 736k square feet. And they have 102 job openings posted, which they were all filled would expand their workforce by less than 10%. What exactly do they need all this new space for? Even if they have huge plans to somehow expand their filesharing business, doubling their workforce at this point seems quite optimistic.
Naive question, but why would large companies favor leasing instead of just outright purchasing the property? It seems that when the terms of the lease are up, the leasing company has almost unlimited leverage in the next negotiation (unless the tenant company doesn't mind relocating all of its employees).
This is just a file sync. A good one. But 1500 employees for that? This goes way beyond my imagination.
> File-sharing giant Dropbox has signed the biggest lease in San Francisco history, an agreement for 736,000 square feet, the entirety of a new office complex under construction in the southwest corner of Mission Bay. [...] The space will represent an expansion for Dropbox, which occupies 182,000 square feet at 333 Brannan St., a building Kilroy also owns, as well as 115,000 square feet at 345 Brannan. Dropbox curren…
It's exciting to think ahead to what that part of Mission Bay and Potrero might feel like someday when the train tracks are put in an underground tunnel (for Caltrain and high-speed rail to the Transbay Center) and I-280 is turned into a surface-level boulevard (like Octavia).
> I-280 is turned into a surface-level boulevard (like Octavia). You meant a parking lot, didn't you ? :D
Naive question, but why would large companies favor leasing instead of just outright purchasing the property? It seems that when the terms of the lease are up, the leasing company has almost unlimited leverage in the next negotiation (unless the tenant company doesn't mind relocating all of its employees).
2) startups are always growing or shrinking. no point putting so much significant capital unless it is an established in for a long haul at a location where talent is surplus.
3) if you indeed have that much capital, you can pretty much dictate what you want and get some tax benefits (amazon, second HQ) or work with a city build a new building suitable for your long-term needs (apple).
4) not much inventory that meets your needs in SF market because the property prices are always going up.
5) the leasing company actually has limited leverage. finding another tenant esp. the size of dropbox is not easy. you can bin pack other tenants but you lose lot of money until all new tenants move in.
> File-sharing giant Dropbox has signed the biggest lease in San Francisco history, an agreement for 736,000 square feet, the entirety of a new office complex under construction in the southwest corner of Mission Bay. [...] The space will represent an expansion for Dropbox, which occupies 182,000 square feet at 333 Brannan St., a building Kilroy also owns, as well as 115,000 square feet at 345 Brannan. Dropbox curren…
Servers?
This is tangential, and I'm not a designer so this is just one dev's opinion, but I found Dropbox's latest rebrand (dropbox.design) to be a bizarre departure for them. It was so off the wall I just assumed it was some sort of parody site until I realized it was official. I'm in no place to determine if it's "good" or "bad", but it's certainly an...interesting direction, if nothing else.
https://www.dropbox.com is in the same style and I find it looks very unprofessional, even if it is targeted to regular users. It looks like an art gallery? https://www.dropbox.com/business on the other hand looks clean and trustworthy.