Google is adhered to spread its hold in San Francisco. Bizjournal reports that, “Search engine giant Google has agreed to lease 210,000 square feet at San Francisco's Hills Plaza, a deal that could potentially draw more than 800 of the high-flying company's workers to the South of Market waterfront. Under the terms of the blockbuster agreement, Google (NASDAQ: GOOG) would sublease three lower floors at 345 Spear St. from Gap Inc. for about $35 a square foot.”
The Bizjounal further reports “In the past 12 months, Google rivals Microsoft and Yahoo have expanded in the city, and 125 other firms, a mix of so-called web 2.0 startups and battle-scarred dot-com survivors, have filled more than 1.5 million square feet. The massive Google deal will only increase the velocity of the tech explosion and, just five years after the dot-com crash, is a testament to the strength of the market.”
Read the full report here.