Making It in the Bay

Dropbox's San Francisco HQ to Sell for Record $1.08 Billion

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Editor's note: A previous version of this story indicated Dropbox was vacating San Francisco and selling the complex. The tech company was leasing the property from owner Kilroy Realty.

Dropbox's four-building headquarters in San Francisco is being sold for a whopping $1.08 billion, according to a report from the San Francisco Chronicle.

Owner Kilroy Realty's sale of the 750,000-square-foot complex at 1800 Owens St. in the city's Mission Bay neighborhood will set a San Francisco record at $1,440 per square foot, the Chronicle reported. The buyer is not known, but the sale is expected to close later this month.

Dropbox announced in October it was shifting its workers to a permanent at-home office, the newspaper reported.

Other tech companies such as Uber, Salesforce and Yelp have vacated offices in San Francisco because of the shift to fully or mostly remote workforces.

Other big Silicon Valley firms such as Tesla, Oracle and Digital Realty have announced plans to relocate their headquarters in Texas.

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