Kevin Truong

Social media company LinkedIn put the top floors of its glass-wrapped San Francisco skyscraper in SoMa on the sublease market, according to a marketing brochure for the property.

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Social media company LinkedIn put the top floors of its glass-wrapped San Francisco skyscraper in SoMa on the sublease market, according to a marketing brochure for the property.

The brochure shows that 63,000 square feet across five floors of the 26-story building at 222 Second St. are available through December 2027. It touts the property’s unobstructed views,&nbsp; multiple kitchens and wellness rooms.

The brochure shows that 63,000 square feet across five floors of the 26-story building at 222 Second St. are available through December 2027. It touts the property’s unobstructed views,&nbsp; multiple kitchens and wellness rooms.

The company joins a host of <a href="https://sfstandard.com/2023/01/26/tech-companies-vacating-leaving-san-francisco-office-space/">major tech employers in San Francisco</a> offering up underused space on the sublease market amid the shift to hybrid work.&nbsp;

Here are the tech companies that vacated the most San Francisco office space

The company joins a host of <a href="https://sfstandard.com/2023/01/26/tech-companies-vacating-leaving-san-francisco-office-space/">major tech employers in San Francisco</a> offering up underused space on the sublease market amid the shift to hybrid work.&nbsp;

Silicon Valley Bank is one of the potential tenants in conversations about taking space in the building, real estate sources said. The bank, which was purchased by First Citizens Bank after its closure in March, currently rents space nearby at 505 Howard St.

Silicon Valley Bank is one of the potential tenants in conversations about taking space in the building, real estate sources said. The bank, which was purchased by First Citizens Bank after its closure in March, currently rents space nearby at 505 Howard St.

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Sources said the space has been quietly marketed for some time, and additional space is also being made available at the property. LinkedIn plans to continue to occupy the bottom floors of the skyscraper. Although LinkedIn is headquartered in Sunnyvale, the company has long had a significant presence in San Francisco.

Sources said the space has been quietly marketed for some time, and additional space is also being made available at the property. LinkedIn plans to continue to occupy the bottom floors of the skyscraper. Although LinkedIn is headquartered in Sunnyvale, the company has long had a significant presence in San Francisco.

During the pandemic, LinkedIn instituted a flexible work policy that allows employees to work from anywhere.&nbsp;

During the pandemic, LinkedIn instituted a flexible work policy that allows employees to work from anywhere.&nbsp;

LinkedIn declined to comment on its real estate moves.

LinkedIn declined to comment on its real estate moves.

LinkedIn employees first started occupying the space in 2016 near the peak of the social media boom. The building includes flourishes typical of the era, like themed floors, a fitness center and a cafeteria offering free food daily.

LinkedIn employees first started occupying the space in 2016 near the peak of the social media boom. The building includes flourishes typical of the era, like themed floors, a fitness center and a cafeteria offering free food daily.

LinkedIn, which is owned by Microsoft, announced it was leasing the entirety of the 450,000-square-foot property back in 2014 prior to the building’s completion by developer Tishman Speyer. The idea was to consolidate the entirety of LinkedIn’s San Francisco workforce in one place. At the time, the lease was among the largest in the city’s history.&nbsp;

LinkedIn, which is owned by Microsoft, announced it was leasing the entirety of the 450,000-square-foot property back in 2014 prior to the building’s completion by developer Tishman Speyer. The idea was to consolidate the entirety of LinkedIn’s San Francisco workforce in one place. At the time, the lease was among the largest in the city’s history.&nbsp;

The skyscraper is known from the ground level for a huge open lobby space open to the public that includes long wooden tables and a cafe.&nbsp;

The skyscraper is known from the ground level for a huge open lobby space open to the public that includes long wooden tables and a cafe.&nbsp;

Times have changed, and rather than the continual spate of massive office leases seen during the boom times, the recent news about San Francisco&#8217;s commercial real estate situation has <a href="https://sfstandard.com/2023/06/29/the-grim-state-of-downtown-san-francisco-by-the-numbers/">been relatively grim</a>.

The grim state of downtown San Francisco, by the numbers

Times have changed, and rather than the continual spate of massive office leases seen during the boom times, the recent news about San Francisco's commercial real estate situation has <a href="https://sfstandard.com/2023/06/29/the-grim-state-of-downtown-san-francisco-by-the-numbers/">been relatively grim</a>.

Times have changed, and rather than the continual spate of massive office leases seen during the boom times, the recent news about San Francisco&#8217;s commercial real estate situation has <a href="https://sfstandard.com/2023/06/29/the-grim-state-of-downtown-san-francisco-by-the-numbers/">been relatively grim</a>.

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The vacancy rate in San Francisco has reached a record-breaking 34%, according to a report from real estate firm CBRE, and most experts expect the number to rise even further as leases continue to expire and some companies downsize their space in line with hybrid work trends.&nbsp;

The vacancy rate in San Francisco has reached a record-breaking 34%, according to a report from real estate firm CBRE, and most experts expect the number to rise even further as leases continue to expire and some companies downsize their space in line with hybrid work trends.&nbsp;

Currently, CBRE reports nearly 30 million square feet of office space is vacant in the city. For perspective, that’s the equivalent of 21 empty Salesforce Towers.&nbsp;

Currently, CBRE reports nearly 30 million square feet of office space is vacant in the city. For perspective, that’s the equivalent of 21 empty Salesforce Towers.&nbsp;

On a positive note, CBRE logged some 5.2 million square feet of tenant demand in the market, the highest number since the start of 2020, driven <a href="https://sfstandard.com/2023/09/06/ai-deals-represent-hope-but-not-salvation-for-san-franciscos-struggling-office-market/">mainly by AI and tech companies</a>.&nbsp;

AI won’t save San Francisco’s struggling office market, experts say

On a positive note, CBRE logged some 5.2 million square feet of tenant demand in the market, the highest number since the start of 2020, driven <a href="https://sfstandard.com/2023/09/06/ai-deals-represent-hope-but-not-salvation-for-san-franciscos-struggling-office-market/">mainly by AI and tech companies</a>.&nbsp;

This social media giant is dumping a portion of its downtown San Francisco office space

After years of growth that included billions in acquisitions, major hiring initiatives and the development of major office towers around the world, San Francisco-based Salesforce is tightening its belt.

After years of growth that included billions in acquisitions, major hiring initiatives and the development of major office towers around the world, San Francisco-based Salesforce is tightening its belt.

Although <a href="https://sfstandard.com/business/marc-benioff-is-sorry-about-salesforce-tower-explains-how-a-drunk-tweet-led-to-a-standoff-with-mike-pence/">defended by CEO Marc Benioff</a> as necessary to meet changing market conditions, a restructuring plan Salesforce <a href="https://sfstandard.com/business/salesforce-to-cut-10-of-workforce-close-offices/">announced earlier this year</a> includes a 10% headcount reduction of around 8,000 employees and a number of major exits and office space reductions across the company’s portfolio.&nbsp;

Although <a href="https://sfstandard.com/business/marc-benioff-is-sorry-about-salesforce-tower-explains-how-a-drunk-tweet-led-to-a-standoff-with-mike-pence/">defended by CEO Marc Benioff</a> as necessary to meet changing market conditions, a restructuring plan Salesforce <a href="https://sfstandard.com/business/salesforce-to-cut-10-of-workforce-close-offices/">announced earlier this year</a> includes a 10% headcount reduction of around 8,000 employees and a number of major exits and office space reductions across the company’s portfolio.&nbsp;

Further details were revealed in <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001108524/000110852423000011/crm-20230131.htm" target="_blank" rel="noreferrer noopener">a recent financial filing</a>, which showed how much real estate the tech giant still holds in San Francisco and how much it has let go.

Further details were revealed in <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001108524/000110852423000011/crm-20230131.htm" target="_blank" rel="noreferrer noopener">a recent financial filing</a>, which showed how much real estate the tech giant still holds in San Francisco and how much it has let go.

As of Jan. 31, the company’s San Francisco headquarters office included around 1.6 million square feet of leased and owned property. That number doesn’t include 800,000 square feet in San Francisco that is currently subleased and an additional 700,000 square feet now available for sublease.&nbsp;

As of Jan. 31, the company’s San Francisco headquarters office included around 1.6 million square feet of leased and owned property. That number doesn’t include 800,000 square feet in San Francisco that is currently subleased and an additional 700,000 square feet now available for sublease.&nbsp;

The company has steadily shed office space throughout the pandemic, most recently listing <a href="https://www.bizjournals.com/sanfrancisco/news/2023/03/02/saleforce-office-sublease-headquarters.html?utm_source=st&amp;utm_medium=en&amp;utm_campaign=ae&amp;utm_content=FR&amp;j=30714890&amp;senddate=2023-03-02" target="_blank" rel="noreferrer noopener">six floors for sublease at Salesforce Tower</a>, the San Francisco Business Times reported.&nbsp;

The company has steadily shed office space throughout the pandemic, most recently listing <a href="https://www.bizjournals.com/sanfrancisco/news/2023/03/02/saleforce-office-sublease-headquarters.html?utm_source=st&amp;utm_medium=en&amp;utm_campaign=ae&amp;utm_content=FR&amp;j=30714890&amp;senddate=2023-03-02" target="_blank" rel="noreferrer noopener">six floors for sublease at Salesforce Tower</a>, the San Francisco Business Times reported.&nbsp;

Outside of San Francisco, Salesforce has international real estate holdings across Europe, North America, Asia, South America, Africa and Australia. It also operates data centers in the U.S., Europe and Asia.

Outside of San Francisco, Salesforce has international real estate holdings across Europe, North America, Asia, South America, Africa and Australia. It also operates data centers in the U.S., Europe and Asia.

In the last fiscal year, Salesforce incurred $986 million in total operating lease costs. The filing states that there are additional future leases totaling $400 million, including agreements for offices yet to be constructed, which are expected to commence between fiscal years 2024 and 2025.

In the last fiscal year, Salesforce incurred $986 million in total operating lease costs. The filing states that there are additional future leases totaling $400 million, including agreements for offices yet to be constructed, which are expected to commence between fiscal years 2024 and 2025.

Benioff, who once said that full-time office work is largely over, has started to pull back employees in, albeit with more flexibility. He has been open that he believes newer employees especially do better when being trained and onboarded in the office.&nbsp;

Benioff, who once said that full-time office work is largely over, has started to pull back employees in, albeit with more flexibility. He has been open that he believes newer employees especially do better when being trained and onboarded in the office.&nbsp;

Salesforce founder and CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018. | Karl Mondon/Bay Area News Group via Getty Images

<figure class="wp-block-image size-large"><img height="1651" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2022/09/SalesforceBenioffFuture091222_INLINED02-2500x1651.jpg" alt="" class="wp-image-76221"/><figcaption class="wp-element-caption">Salesforce founder and CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, on May 22, 2018. | Karl Mondon/Bay Area News Group via Getty Images</figcaption></figure>

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<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/09/SalesforceBenioffFuture091222_INLINED02-2500x1651.jpg" alt="" class="wp-image-76221"/><figcaption class="wp-element-caption">Salesforce founder and CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, on May 22, 2018. | Karl Mondon/Bay Area News Group via Getty Images</figcaption></figure>

Still, he said the number of fully remote workers is “going to increase dramatically” with in-office work largely determined by job function.&nbsp;

Still, he said the number of fully remote workers is “going to increase dramatically” with in-office work largely determined by job function.&nbsp;

Engineering workers, Benioff said, only come in 10 days a quarter, whereas non-remote general and administrative employees are expected to come in on Tuesdays, Wednesdays and Thursdays. For sales and marketing, they are “more of a four-day-a-week executive,” Benioff told tech journalist Kara Swisher in <a href="https://sfstandard.com/business/marc-benioff-is-sorry-about-salesforce-tower-explains-how-a-drunk-tweet-led-to-a-standoff-with-mike-pence/">a podcast interview</a>.&nbsp;

Engineering workers, Benioff said, only come in 10 days a quarter, whereas non-remote general and administrative employees are expected to come in on Tuesdays, Wednesdays and Thursdays. For sales and marketing, they are “more of a four-day-a-week executive,” Benioff told tech journalist Kara Swisher in <a href="https://sfstandard.com/business/marc-benioff-is-sorry-about-salesforce-tower-explains-how-a-drunk-tweet-led-to-a-standoff-with-mike-pence/">a podcast interview</a>.&nbsp;

Costs from the restructuring plan in the form of separation payments for employees and exit charges associated with office space reductions could total more than $2 billion.&nbsp;

Costs from the restructuring plan in the form of separation payments for employees and exit charges associated with office space reductions could total more than $2 billion.&nbsp;

Salesforce has incurred around $828 million in costs related to the restructuring, split up between $683 million in employee transition costs and $145 million for exit costs due to office space reductions.

Salesforce has incurred around $828 million in costs related to the restructuring, split up between $683 million in employee transition costs and $145 million for exit costs due to office space reductions.

The company’s layoffs are expected to be largely complete by the end of the fiscal year 2024, whereas its real estate reductions are expected to wrap up sometime in fiscal year 2026.

The company’s layoffs are expected to be largely complete by the end of the fiscal year 2024, whereas its real estate reductions are expected to wrap up sometime in fiscal year 2026.

The company has around $10.6 billion in senior unsecured debt, around $1 billion of which is due in the next 12 months. Among its liabilities is $182 million in outstanding debt related to the mortgage used to purchase 50 Fremont St. in San Francisco.

The company has around $10.6 billion in senior unsecured debt, around $1 billion of which is due in the next 12 months. Among its liabilities is $182 million in outstanding debt related to the mortgage used to purchase 50 Fremont St. in San Francisco.

Salesforce paid $640 million to purchase the 43-story building in 2015. Last year, the company <a href="https://www.bizjournals.com/sanfrancisco/news/2022/07/12/salesforce-sublease-san-francsico.html" target="_blank" rel="noreferrer noopener">listed more than half</a> of the building as available for sublease.&nbsp;

Salesforce paid $640 million to purchase the 43-story building in 2015. Last year, the company <a href="https://www.bizjournals.com/sanfrancisco/news/2022/07/12/salesforce-sublease-san-francsico.html" target="_blank" rel="noreferrer noopener">listed more than half</a> of the building as available for sublease.&nbsp;

Filing reveals how much office space Salesforce dumped last year

Liz Lindqwister

The mirrored crown of Salesforce Tower is hard to miss—and for good reason, as the 1,070-foot tower today reigns as SF’s tallest building. Often <a href="https://salesforcetower.com/artwork/#:~:text=This%20large%2Dscale%20video%2Dbased,installation%20will%20be%20ever%20changing." target="_blank" rel="noreferrer noopener">lit up with themed visuals and LED-powered light shows</a>, the cloud company’s headquarters has become, <a href="https://projects.sfchronicle.com/2017/transbay-terminal/the-tower/" target="_blank" rel="noreferrer noopener">to many</a>, a beacon and symbol of tech’s enduring presence in the Bay Area.

The mirrored crown of Salesforce Tower is hard to miss—and for good reason, as the 1,070-foot tower today reigns as SF’s tallest building. Often <a href="https://salesforcetower.com/artwork/#:~:text=This%20large%2Dscale%20video%2Dbased,installation%20will%20be%20ever%20changing." target="_blank" rel="noreferrer noopener">lit up with themed visuals and LED-powered light shows</a>, the cloud company’s headquarters has become, <a href="https://projects.sfchronicle.com/2017/transbay-terminal/the-tower/" target="_blank" rel="noreferrer noopener">to many</a>, a beacon and symbol of tech’s enduring presence in the Bay Area.

But before Salesforce Tower opened its doors in 2018, an 853-foot skyscraper held the title of tallest tower for nearly five decades: The Transamerica Pyramid.&nbsp;

But before Salesforce Tower opened its doors in 2018, an 853-foot skyscraper held the title of tallest tower for nearly five decades: The Transamerica Pyramid.&nbsp;

The Transamerica Pyramid and Salesforce Tower are seen at sunset in on Monday, Jan. 17, 2022. | Jane Tyska/Digital First Media/East Bay Times via Getty Images

<figure class="wp-block-image size-large"><img height="1684" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_FEATURED-2500x1684.jpg" alt="" class="wp-image-98754"/><figcaption>The Transamerica Pyramid and Salesforce Tower are seen at sunset in on Monday, Jan. 17, 2022. | Jane Tyska/Digital First Media/East Bay Times via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_FEATURED-2500x1684.jpg" alt="" class="wp-image-98754"/><figcaption>The Transamerica Pyramid and Salesforce Tower are seen at sunset in on Monday, Jan. 17, 2022. | Jane Tyska/Digital First Media/East Bay Times via Getty Images</figcaption></figure>

Celebrating <a href="https://www.sfchronicle.com/projects/2022/sf-transamerica-pyramid/" target="_blank" rel="noreferrer noopener">its 50th anniversary</a>, the Transamerica Pyramid was opened in November 1972 and, at one point, ranked among the 10 tallest buildings in the world. Its futuristic, triangular shape instantly made Downtown SF more distinctive but some locals viewed its unique design as <a href="https://news.google.com/newspapers?nid=1346&amp;dat=19730710&amp;id=qYROAAAAIBAJ&amp;sjid=Z_oDAAAAIBAJ&amp;pg=6193,2824554" target="_blank" rel="noreferrer noopener">an affront to the city’s rapidly changing skyline</a>.

Celebrating <a href="https://www.sfchronicle.com/projects/2022/sf-transamerica-pyramid/" target="_blank" rel="noreferrer noopener">its 50th anniversary</a>, the Transamerica Pyramid was opened in November 1972 and, at one point, ranked among the 10 tallest buildings in the world. Its futuristic, triangular shape instantly made Downtown SF more distinctive but some locals viewed its unique design as <a href="https://news.google.com/newspapers?nid=1346&amp;dat=19730710&amp;id=qYROAAAAIBAJ&amp;sjid=Z_oDAAAAIBAJ&amp;pg=6193,2824554" target="_blank" rel="noreferrer noopener">an affront to the city’s rapidly changing skyline</a>.

San Francisco’s Downtown skyline <a href="https://www.sfchronicle.com/projects/2022/san-francisco-skyline-timeline/" target="_blank" rel="noreferrer noopener">has changed dramatically</a> from the days when the 90-foot tower of <a href="https://en.wikipedia.org/wiki/Old_St._Mary's_Cathedral" target="_blank" rel="noreferrer noopener">Old St. Mary’s Cathedral</a> in Chinatown was the tallest building in the city—and the state. Ten of the city’s top 12 tallest buildings were built within the last 50 years, the majority of which were constructed after 2000. As of 2018, <a href="https://www.nytimes.com/interactive/2018/04/17/us/san-francisco-earthquake-seismic-gamble.html" target="_blank" rel="noreferrer noopener">The New York Times</a> found that SF had more than 160 buildings over 200 feet tall, most of which were clustered together in the city’s downtown corridor.

San Francisco’s Downtown skyline <a href="https://www.sfchronicle.com/projects/2022/san-francisco-skyline-timeline/" target="_blank" rel="noreferrer noopener">has changed dramatically</a> from the days when the 90-foot tower of <a href="https://en.wikipedia.org/wiki/Old_St._Mary's_Cathedral" target="_blank" rel="noreferrer noopener">Old St. Mary’s Cathedral</a> in Chinatown was the tallest building in the city—and the state. Ten of the city’s top 12 tallest buildings were built within the last 50 years, the majority of which were constructed after 2000. As of 2018, <a href="https://www.nytimes.com/interactive/2018/04/17/us/san-francisco-earthquake-seismic-gamble.html" target="_blank" rel="noreferrer noopener">The New York Times</a> found that SF had more than 160 buildings over 200 feet tall, most of which were clustered together in the city’s downtown corridor.

Transamerica-Pyramid is seen as daily life in San Francisco, California, United States on October 31, 2022. | Tayfun Coskun/Anadolu Agency via Getty Images

<figure class="wp-block-image size-large"><img height="1667" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_INLINED1-2500x1667.jpg" alt="" class="wp-image-98765"/><figcaption>The Transamerica Pyramid stands at the north end of Downtown San Francisco on Oct. 31, 2022. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_INLINED1-2500x1667.jpg" alt="" class="wp-image-98765"/><figcaption>The Transamerica Pyramid stands at the north end of Downtown San Francisco on Oct. 31, 2022. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

Today, SF boasts a <a href="https://www.skyscrapercenter.com/city/san-francisco" target="_blank" rel="noreferrer noopener">collection of roughly 27 skyscrapers</a>, all clocking in at more than 450 feet. It is the second tallest city in California, the fifth tallest in the country and the 56th tallest city in the world.

Today, SF boasts a <a href="https://www.skyscrapercenter.com/city/san-francisco" target="_blank" rel="noreferrer noopener">collection of roughly 27 skyscrapers</a>, all clocking in at more than 450 feet. It is the second tallest city in California, the fifth tallest in the country and the 56th tallest city in the world.

As the city’s housing and affordability crisis worsens, many San Franciscans are <a href="https://sfstandard.com/housing-development/huge-san-francisco-skyscraper-could-change-city-skyline-forever-with-808-homes/">pushing for the construction of taller buildings</a>, transforming Downtown into a more vertical, more dense, more affordable and more populated urban core.

As the city’s housing and affordability crisis worsens, many San Franciscans are <a href="https://sfstandard.com/housing-development/huge-san-francisco-skyscraper-could-change-city-skyline-forever-with-808-homes/">pushing for the construction of taller buildings</a>, transforming Downtown into a more vertical, more dense, more affordable and more populated urban core.

But before today’s push for more housing, San Francisco experienced a series of “building booms” that raised its skyline by hundreds of feet.&nbsp;

But before today’s push for more housing, San Francisco experienced a series of “building booms” that raised its skyline by hundreds of feet.&nbsp;

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San Francisco’s <a href="https://sfist.com/2014/09/23/video_regarding_the_population_and/" target="_blank" rel="noreferrer noopener">largest building boom occurred in the 1960s and 1970s</a>, when dozens of skyscrapers shot up in the city’s downtown corridor after three decades of halted construction.

San Francisco’s <a href="https://sfist.com/2014/09/23/video_regarding_the_population_and/" target="_blank" rel="noreferrer noopener">largest building boom occurred in the 1960s and 1970s</a>, when dozens of skyscrapers shot up in the city’s downtown corridor after three decades of halted construction.

The Transamerica Building was constructed during this period, and it remained the tallest building in SF until Salesforce Tower snatched the title in 2018.&nbsp;

The Transamerica Building was constructed during this period, and it remained the tallest building in SF until Salesforce Tower snatched the title in 2018.&nbsp;

Construction is underway on the Transamerica Pyramid June 3, 1971 in San Francisco, Calif. The tower, completed in 1972, has been sold for the first time to investors in New York City and Germany, for $650 million. | Wayne Walters/The San Francisco Chronicle via Getty Images

<figure class="wp-block-image size-large"><img height="1709" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_INLINED2-2500x1709.jpg" alt="" class="wp-image-98761"/><figcaption>Construction is underway on the Transamerica Pyramid on June 3, 1971, in San Francisco. | Wayne Walters/The San Francisco Chronicle via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/11/TransAmericaTall113022_INLINED2-2500x1709.jpg" alt="" class="wp-image-98761"/><figcaption>Construction is underway on the Transamerica Pyramid on June 3, 1971, in San Francisco. | Wayne Walters/The San Francisco Chronicle via Getty Images</figcaption></figure>

A Ranking of San Francisco’s Tallest Buildings

<h2 class="wp-block-heading" id="h-a-ranking-of-san-francisco-s-tallest-buildings">A Ranking of San Francisco’s Tallest Buildings</h2>

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<h2 id="h-a-ranking-of-san-francisco-s-tallest-buildings">A Ranking of San Francisco’s Tallest Buildings</h2>

Before the 1960s boom, many of San Francisco’s tallest buildings were constructed in the 1920s, during a construction craze that erected dozens of Art Deco and Neo-Gothic-style towers, all pushing past 300 feet. Towering over the 1920s skyline was <a href="https://sfstandard.com/arts-culture/remembering-architect-timothy-pflueger-the-man-behind-some-of-sfs-most-iconic-skyscrapers-theaters-and-bars/">SF architect Timothy Pflueger’s 435-foot-tall</a> &#8220;Telephone Building,” a structure that stood tied for the title of SF’s tallest building in 1925 when it opened.

Before the 1960s boom, many of San Francisco’s tallest buildings were constructed in the 1920s, during a construction craze that erected dozens of Art Deco and Neo-Gothic-style towers, all pushing past 300 feet. Towering over the 1920s skyline was <a href="https://sfstandard.com/arts-culture/remembering-architect-timothy-pflueger-the-man-behind-some-of-sfs-most-iconic-skyscrapers-theaters-and-bars/">SF architect Timothy Pflueger’s 435-foot-tall</a> "Telephone Building,” a structure that stood tied for the title of SF’s tallest building in 1925 when it opened.

Before the 1960s boom, many of San Francisco’s tallest buildings were constructed in the 1920s, during a construction craze that erected dozens of Art Deco and Neo-Gothic-style towers, all pushing past 300 feet. Towering over the 1920s skyline was <a href="https://sfstandard.com/arts-culture/remembering-architect-timothy-pflueger-the-man-behind-some-of-sfs-most-iconic-skyscrapers-theaters-and-bars/">SF architect Timothy Pflueger’s 435-foot-tall</a> &#8220;Telephone Building,” a structure that stood tied for the title of SF’s tallest building in 1925 when it opened.

Here is a list of the city’s tallest buildings today, following the city’s three most consequential building booms.&nbsp;

Here is a list of the city’s tallest buildings today, following the city’s three most consequential building booms.&nbsp;

What’s the second tallest building in SF?

RJ Mickelson

Summer in San Francisco is famously cool.

Summer in San Francisco is famously cool.

It’s a fact first-time visitors inevitably learn about the city June through August.

It’s a fact first-time visitors inevitably learn about the city June through August.

While some find the fog-enshrouded vistas bizarre, gray days are nothing new for locals who know the usual California escape can rarely be had in the City by the Bay.

While some find the fog-enshrouded vistas bizarre, gray days are nothing new for locals who know the usual California escape can rarely be had in the City by the Bay.

June Gloom and Fog-ust are realities of San Francisco living.

June Gloom and Fog-ust are realities of San Francisco living.

Meteorologists are accustomed to explaining the workings of the marine layer that chills San Francisco while the rest of the Bay Area swelters.

Meteorologists are accustomed to explaining the workings of the marine layer that chills San Francisco while the rest of the Bay Area swelters.

San Francisco’s position on the peninsula, mostly surrounded by water, creates conditions for many foggy days, averaging about&nbsp;<a target="_blank" href="https://bayareaanswers.com/why-is-san-francisco-so-foggy/" rel="noreferrer noopener">108</a>&nbsp;per year.

San Francisco’s position on the peninsula, mostly surrounded by water, creates conditions for many foggy days, averaging about&nbsp;<a target="_blank" href="https://bayareaanswers.com/why-is-san-francisco-so-foggy/" rel="noreferrer noopener">108</a>&nbsp;per year.

A view of the Salesforce Tower from the Transamerica Pyramid in San Francisco, on June 14, 2023. The building is undergoing planned improvements spanning through 2023 including and expansion of the ground-floor park, modernizing the Pyramid’s dated interiors, renovating the lobby and entrances and adding amenities like a private top-floor bar for tenants. | Isaac Ceja/The Standard

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED01_FoggySummerPhotoEssay07062023-2500x1668.jpg" alt="" class="wp-image-178994"/><figcaption class="wp-element-caption">Salesforce Tower in San Francisco is shrouded in fog on June 14, 2023. | Isaac Ceja/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED01_FoggySummerPhotoEssay07062023-2500x1668.jpg" alt="" class="wp-image-178994"/><figcaption class="wp-element-caption">Salesforce Tower in San Francisco is shrouded in fog on June 14, 2023. | Isaac Ceja/The Standard</figcaption></figure>

Women enjoy an ocean view at Mount Tamalpais State Park near Mill Valley on July 2, 2023. The Pacific Ocean is covered by a blanket of fog. | Tayfun Coskun/Anadolu Agency via Getty Images.| Tayfun Coskun/Anadolu Agency via Getty Images

<figure class="wp-block-image size-large"><img height="1667" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED02_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-178997"/><figcaption class="wp-element-caption">Women watch a foggy ocean sunset from Mount Tamalpais State Park in Marin County on Sunday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED02_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-178997"/><figcaption class="wp-element-caption">Women watch a foggy ocean sunset from Mount Tamalpais State Park in Marin County on Sunday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

Johnathan Marquez plays tennis during a foggy summer day at Dolores Park in San Francisco, on Thursday July 6, 2023. | Isaac Ceja/The Standard

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-01-2500x1668.jpg" alt="" class="wp-image-179149"/><figcaption class="wp-element-caption">Johnathan Marquez plays tennis during a foggy summer day at Dolores Park in San Francisco on July 6, 2023. | Isaac Ceja/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-01-2500x1668.jpg" alt="" class="wp-image-179149"/><figcaption class="wp-element-caption">Johnathan Marquez plays tennis during a foggy summer day at Dolores Park in San Francisco on July 6, 2023. | Isaac Ceja/The Standard</figcaption></figure>

San Francisco's most iconic weather fog blankets the Golden Gate Bridge as seen from Marin Headlands of Sausalito in California, United States on July 2, 2023. | Tayfun Coskun/Anadolu Agency via Getty Images

<figure class="wp-block-image size-large"><img height="1667" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED04_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-179003"/><figcaption class="wp-element-caption">San Francisco&#8217;s most iconic weather phenomenon, the fog, blankets the Golden Gate Bridge, as seen from Marin Headlands in Sausalito on Sunday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED04_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-179003"/><figcaption class="wp-element-caption">San Francisco's most iconic weather phenomenon, the fog, blankets the Golden Gate Bridge, as seen from Marin Headlands in Sausalito on Sunday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED04_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-179003"/><figcaption class="wp-element-caption">San Francisco&#8217;s most iconic weather phenomenon, the fog, blankets the Golden Gate Bridge, as seen from Marin Headlands in Sausalito on Sunday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

Jerry Faial, left, and his daughter, Solea Faial, spend time at Ocean Beach under the fog in San Francisco, on Thursday July 6, 2023. | Isaac Ceja/The Standard

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-07-2500x1668.jpg" alt="" class="wp-image-179170"/><figcaption class="wp-element-caption">Jerry Faial, left, and his daughter, Solea Faial, right, spend time at Ocean Beach under the fog in San Francisco on Thursday. | Isaac Ceja/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-07-2500x1668.jpg" alt="" class="wp-image-179170"/><figcaption class="wp-element-caption">Jerry Faial, left, and his daughter, Solea Faial, right, spend time at Ocean Beach under the fog in San Francisco on Thursday. | Isaac Ceja/The Standard</figcaption></figure>

The Takeuchi Family pose in-front of the Pride sign in San Francisco on Saturday, June 24, 2023. | Justin Katigbak for The Standard

<figure class="wp-block-image size-full"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED03_FoggySummerPhotoEssay07062023.jpg" alt="" class="wp-image-179000"/><figcaption class="wp-element-caption">The Takeuchi family poses in front of the Pride sign in San Francisco on June 24, 2023. | Justin Katigbak for The Standard</figcaption></figure>

A view of Coit Tower from the Transamerica Pyramid in San Francisco, on June 14, 2023. The building is undergoing planned improvements spanning through 2023 including and expansion of the ground-floor park, modernizing the Pyramid’s dated interiors, renovating the lobby and entrances and adding amenities like a private top-floor bar for tenants. 

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED05_FoggySummerPhotoEssay07062023-2500x1668.jpg" alt="" class="wp-image-179006"/><figcaption class="wp-element-caption">Fog hangs over the bay with Coit Tower in the foreground in San Francisco on June 14, 2023. | Isaac Ceja/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED05_FoggySummerPhotoEssay07062023-2500x1668.jpg" alt="" class="wp-image-179006"/><figcaption class="wp-element-caption">Fog hangs over the bay with Coit Tower in the foreground in San Francisco on June 14, 2023. | Isaac Ceja/The Standard</figcaption></figure>

SF Pride Board Resistance contingent marches during the 53rd Annual San Francisco Pride Parade and Celebration at San Francisco Civic Center on June 25, 2023 in San Francisco, California. | Miikka Skaffari/WireImage/Getty Images

<figure class="wp-block-image size-large"><img height="2500" width="1667" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED06_FoggySummerPhotoEssay07062023-1667x2500.jpg" alt="" class="wp-image-179009"/><figcaption class="wp-element-caption">Fog hovers over the San Francisco Pride Board Resistance Contingent marching down Market Street during the Pride Parade in San Francisco on June 25, 2023. | Miikka Skaffari/WireImage/Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED06_FoggySummerPhotoEssay07062023-1667x2500.jpg" alt="" class="wp-image-179009"/><figcaption class="wp-element-caption">Fog hovers over the San Francisco Pride Board Resistance Contingent marching down Market Street during the Pride Parade in San Francisco on June 25, 2023. | Miikka Skaffari/WireImage/Getty Images</figcaption></figure>

Steve Jones, left, and Jay Jones, right, prepare to surf at Ocean Beach under the fog in San Francisco, on Thursday July 6, 2023. | Isaac Ceja/The Standard

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-11-2500x1668.jpg" alt="" class="wp-image-179182"/><figcaption class="wp-element-caption">Steve Jones, left, and Jay Jones, right, prepare to surf at Ocean Beach under the fog in San Francisco on Thursday. | Isaac Ceja/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/FoggySummerPhotoEssay07062023-11-2500x1668.jpg" alt="" class="wp-image-179182"/><figcaption class="wp-element-caption">Steve Jones, left, and Jay Jones, right, prepare to surf at Ocean Beach under the fog in San Francisco on Thursday. | Isaac Ceja/The Standard</figcaption></figure>

A full Moon rises through fog and over San Francisco's Golden Gate Bridge during hazy night as seen from Marin Headlands of Sausalito, United States on July 1, 2023. |Tayfun Coskun/Anadolu Agency via Getty Images

<figure class="wp-block-image size-large"><img height="1667" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED07_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-179012"/><figcaption class="wp-element-caption">A full moon rises over the Golden Gate Bridge shrouded in a thin veil of fog during hazy night, as seen from Marin Headlands in Sausalito on Saturday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/INLINED07_FoggySummerPhotoEssay07062023-2500x1667.jpg" alt="" class="wp-image-179012"/><figcaption class="wp-element-caption">A full moon rises over the Golden Gate Bridge shrouded in a thin veil of fog during hazy night, as seen from Marin Headlands in Sausalito on Saturday. | Tayfun Coskun/Anadolu Agency via Getty Images</figcaption></figure>

Photos: Take in the views of San Francisco’s famous summer fog

Kevin V. Nguyen

Imagine San Francisco 18 years from now. That’s more than four mayoral terms, at least one fashion cycle and nearly <a href="https://sfstandard.com/2022/04/01/no-joke-after-years-of-delay-van-ness-brt-opens-to-fanfare/">one Van Ness rapid bus lane project</a> away. Generation Alpha—who will be adults—will likely be calling Gen Z “out of touch” by then.

No joke: After years of delay, Van Ness BRT opens to fanfare

Imagine San Francisco 18 years from now. That’s more than four mayoral terms, at least one fashion cycle and nearly <a href="https://sfstandard.com/2022/04/01/no-joke-after-years-of-delay-van-ness-brt-opens-to-fanfare/">one Van Ness rapid bus lane project</a> away. Generation Alpha—who will be adults—will likely be calling Gen Z “out of touch” by then.

And—according to new long-term projections from real estate firm Avison Young—San Francisco won’t be left with a glut of empty office buildings anymore. On that front, the situation midway through 2024 is pretty grim. The city has the highest vacancy rate of any major market in the country—at more than 30%.&nbsp;

And—according to new long-term projections from real estate firm Avison Young—San Francisco won’t be left with a glut of empty office buildings anymore. On that front, the situation midway through 2024 is pretty grim. The city has the highest vacancy rate of any major market in the country—at more than 30%.&nbsp;

Using previous recovery periods as a model, the firm’s research team projected three possible years in which the city’s vacancy rates might again fall under double digits, as it was before the pandemic, when the office vacancy rate was considered relatively healthy.

Using previous recovery periods as a model, the firm’s research team projected three possible years in which the city’s vacancy rates might again fall under double digits, as it was before the pandemic, when the office vacancy rate was considered relatively healthy.

The absolute dream scenario is 2030, which would require six consecutive years of record-level leasing activity. More realistically, if such activity ends up matching the same level as the early 2010s, things could return to normal by 2033. But anything less than that would push things back to as far as 2042.&nbsp;

The absolute dream scenario is 2030, which would require six consecutive years of record-level leasing activity. More realistically, if such activity ends up matching the same level as the early 2010s, things could return to normal by 2033. But anything less than that would push things back to as far as 2042.&nbsp;

Potential scenarios for San Francisco office sector's recovery

sf-standard/datawrapper-chart

The point of the exercise wasn’t to “freak out” building owners, but instead jumpstart painful but necessary conversations, said Louis Thibault, a senior market intelligence analyst for Avison Young.&nbsp;

The point of the exercise wasn’t to “freak out” building owners, but instead jumpstart painful but necessary conversations, said Louis Thibault, a senior market intelligence analyst for Avison Young.&nbsp;

“We need to level-set with people so that they don’t sit on their hands for too long,” he said. “If an owner can’t afford a building without tenants for that long, then it’s time to find the highest and best use for it or move on.”&nbsp;

“We need to level-set with people so that they don’t sit on their hands for too long,” he said. “If an owner can’t afford a building without tenants for that long, then it’s time to find the highest and best use for it or move on.”&nbsp;

Not everyone is convinced of the tactic.

A person walks toward the security gates as others exit the elevators in the lobby at Salesforce Tower on Mission Street in Downtown San Francisco on Friday, Sept. 22, 2023. Tech sector companies in downtown San Francisco have begun to require staff and employees to return to work in their Downtown San Francisco office after working remote for many years during the Covid pandemic.

<figure class="wp-block-image size-large"><img height="1667" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2024/05/inlined05_20240506-businesstaxreform.jpg?w=2500" alt="A man in a floral shirt walks towards a bank of elevators, while four other people stand or walk near the elevators in a modern, well-lit lobby with a large plant in the foreground." class="wp-image-273491"/><figcaption class="wp-element-caption">San Francisco has only recovered about half of its pre-pandemic office traffic according to cell phone tracking data.</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2024/05/inlined05_20240506-businesstaxreform.jpg?w=2500" alt="A man in a floral shirt walks towards a bank of elevators, while four other people stand or walk near the elevators in a modern, well-lit lobby with a large plant in the foreground." class="wp-image-273491"/><figcaption class="wp-element-caption">San Francisco has only recovered about half of its pre-pandemic office traffic according to cell phone tracking data.</figcaption></figure>

When shown Avison Young’s predictions, brokers at other firms said they could not imagine telling clients to hold out for another two decades.

When shown Avison Young’s predictions, brokers at other firms said they could not imagine telling clients to hold out for another two decades.

At least publicly, anything short of an optimistic spin is taboo in the real estate industry where building owners are <a href="https://sfstandard.com/2024/05/02/the-mid-market-faithful-life-inside-san-franciscos-office-dead-zone/">desperate for any sign of positive momentum</a> in the face of an unprecedented downturn.&nbsp;

The Mid-Market faithful: Life inside San Francisco’s office dead zone

At least publicly, anything short of an optimistic spin is taboo in the real estate industry where building owners are <a href="https://sfstandard.com/2024/05/02/the-mid-market-faithful-life-inside-san-franciscos-office-dead-zone/">desperate for any sign of positive momentum</a> in the face of an unprecedented downturn.&nbsp;

For their recovery projections, Thibault and his team examined periods following the dot-com crash and the Great Financial Crisis, where San Francisco emerged out of similar periods of high vacancies and mass layoffs.

For their recovery projections, Thibault and his team examined periods following the dot-com crash and the Great Financial Crisis, where San Francisco emerged out of similar periods of high vacancies and mass layoffs.

For example, in the 10 years preceding the pandemic, the city averaged 1.3 million square feet of net absorption annually, with the highest coming in 2018, when tenants finished the year taking up 3.7 million square feet more than they vacated.&nbsp;&nbsp;&nbsp;

For example, in the 10 years preceding the pandemic, the city averaged 1.3 million square feet of net absorption annually, with the highest coming in 2018, when tenants finished the year taking up 3.7 million square feet more than they vacated.&nbsp;&nbsp;&nbsp;

Historical office inventory and absorption in San Francisco by year

Those numbers flipped after 2020. The city’s office tenants have shed an average of 5 million square feet of office space annually through 2023.&nbsp;

Those numbers flipped after 2020. The city’s office tenants have shed an average of 5 million square feet of office space annually through 2023.&nbsp;

Put in physical terms, some 30 million square feet (and counting) remain empty today. As a visual aid, that’s the equivalent of more than 500 football fields of space or more than 20 Salesforce Towers.&nbsp;

Put in physical terms, some 30 million square feet (and counting) remain empty today. As a visual aid, that’s the equivalent of more than 500 football fields of space or more than 20 Salesforce Towers.&nbsp;

Thibault is the first to admit that Avison Young’s recovery model is overly linear and superimposes previous expectations onto a still-uncertain future. During the 2010s for example, when interest rates were low and investors were flocking to startups, it was common for emerging companies to sign new office leases even if the space wasn’t needed yet just to project growth or keep up with competitors who were doing the same.&nbsp;

Thibault is the first to admit that Avison Young’s recovery model is overly linear and superimposes previous expectations onto a still-uncertain future. During the 2010s for example, when interest rates were low and investors were flocking to startups, it was common for emerging companies to sign new office leases even if the space wasn’t needed yet just to project growth or keep up with competitors who were doing the same.&nbsp;

Pedestrians walk down Front Street in the Financial District of San Francisco on Monday, Feb. 26, 2024. Some tech sector companies have begun to require staff and employees to return to work in their Downtown San Francisco office after working remote for many years during the Covid pandemic.

<figure class="wp-block-image size-large"><img height="1668" width="2500" src="https://content.sfstandard.com/wp-content/uploads/2024/06/20240301_financialdistrictfile-16.jpg?w=2500" alt="People walk along a busy city street, surrounded by tall buildings and a reflective, geometric-patterned skyscraper. Traffic signals and shop signs are visible." class="wp-image-282238"/><figcaption class="wp-element-caption">San Francisco&#8217;s total office inventory will likely contract as functionally obsolete buildings are taken off the market.</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2024/06/20240301_financialdistrictfile-16.jpg?w=2500" alt="People walk along a busy city street, surrounded by tall buildings and a reflective, geometric-patterned skyscraper. Traffic signals and shop signs are visible." class="wp-image-282238"/><figcaption class="wp-element-caption">San Francisco's total office inventory will likely contract as functionally obsolete buildings are taken off the market.</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2024/06/20240301_financialdistrictfile-16.jpg?w=2500" alt="People walk along a busy city street, surrounded by tall buildings and a reflective, geometric-patterned skyscraper. Traffic signals and shop signs are visible." class="wp-image-282238"/><figcaption class="wp-element-caption">San Francisco&#8217;s total office inventory will likely contract as functionally obsolete buildings are taken off the market.</figcaption></figure>

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