Category: Hills Plaza San Franicsco (1)

With office vacancy rates looming shy of 5% in the South Financial District Submarket, Google has just leased approximately 57,000+/- square feet at 2 Harrison Street in the Hills Plaza. According to The San Francisco Chronicle, Google now occupies “400,000 square feet” at the Hills Plaza complex, with a total of “1 Million square feet of leased and owned” properties in San Francisco.

San Francisco office rents are currently averaging $61.51 per square foot according to Costar, and with tech giants like Google snapping up large swaths of office space, vacancy will continue to decrease, possibly forcing rents up for the rest of the office market.