Facebook is dropping $35 million to lease a beautiful, earthquake-resistant skyscraper in San Francisco - take a look inside
Courtesy of 181 Fremont Residences
Thousands of Facebook employees are about to experience a much more pleasant commute.
The social media giant has signed a new lease at 181 Fremont, a mixed-use skyscraper that will be the tallest residential building on the West Coast once it's completed later this year. The tower rises 70 stories over San Francisco's Financial District and will house between 2,000 and 3,000 Facebook and Instagram employees across about 34 floors.
The 436,000-square-foot office space will be Facebook's first outpost in San Francisco. The company currently shuttles thousands of employees from the city to its headquarters in Menlo Park, which is located about 35 miles south. The jaunt can take up to two hours in traffic.
The blockbuster deal, which was first reported by the San Francisco Business Times, marks San Francisco's largest office lease in three years. The Business Times didn't report the duration of the lease, but said the asking rent was "around $80 per square foot," which totals to $35 million for the entire space.
Facebook employees will share the stunning new skyscraper with some well-heeled residential tenants - the upper floors hold 67 luxury condos.
These renderings of 181 Fremont give us a glimpse inside Facebook's new building.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status