{"id":1004758223,"date":"2025-05-16T05:18:53","date_gmt":"2025-05-16T13:18:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004758223"},"modified":"2025-05-16T05:20:09","modified_gmt":"2025-05-16T13:20:09","slug":"coinbase-eyes-150-ksf-san-francisco-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/coinbase-eyes-150-ksf-san-francisco-hq\/","title":{"rendered":"Coinbase Eyes 150 KSF San Francisco HQ"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004758225\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mission-rock-building-b-in-san-francisco-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mission Rock Building B in San Francisco\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg\" alt=\"Exterior shot of Mission Rock Building B, a 313,952-square-foot office building in San Francisco, part of the waterfront development Mission Rock.\" class=\"wp-image-1004758225\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The 313,952-square-foot Mission Rock Building B features 23,719 square feet of retail space. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Crypto giant Coinbase is negotiating a headquarters lease for 150,000 square feet at Mission Rock Building B, the <em>San Francisco Chronicle<\/em> reported. Tishman Speyer and The San Francisco Giants own the 313,952-square-foot office building.<\/p>\n\n\n\n<p>The move comes nearly four years after Coinbase adopted a remote-work model and operated without a central office. Now the company is set to establish its offices across three floors at the Mission Rock mid-rise.<\/p>\n\n\n\n<p>Mission Rock is a four-phase waterfront development spanning 28 acres. Phase One consists of two residential and two office buildings. Upon completion, the master plan will feature 1.4 million square feet of office space, 200,000 square feet of retail and 1,200 multifamily units.<\/p>\n\n\n\n<p>Two of the tenants at Mission Rock\u2019s already completed office component are VISA, which leases\u00a0an entire 13-story property for 1,500 of its employees, and Capgemini, a French information technology company that occupies 50,000 square feet at the property\u2019s mixed-use tower dubbed Canyon.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mission-rock-building-b-up-close\">Mission Rock Building B, up close<\/h2>\n\n\n\n<p>Mission Rock Building B came online in 2023 at 1090 Maya Angelou Lane. The eight-story building features 23,719 square feet of retail space, as well as 32 outdoor terraces and a roof deck, a double-height garden lobby and bicycle facilities.&nbsp;<\/p>\n\n\n\n<p>Located 3 miles east of downtown San Francisco, Coinbase\u2019s future home is near interstates 280 and 80, as well as the UCSF Medical Center at Mission Bay. The mid-rise is also adjacent to the Mission Rock light train stop.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-vacancy-grows-in-san-francisco\">Office vacancy grows in San Francisco<\/h2>\n\n\n\n<p>At the end of March, San Francisco&#8217;s office vacancy rate stood at 28.6 percent, marking a 440-basis-point rise compared to the same time last year, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025\/\">CommercialEdge office report<\/a> shows. The city&#8217;s full-service equivalent listing rates averaged $63.8 per square foot during the same month, up 5 percent year-over-year.<\/p>\n\n\n\n<p>However, some leasing agreements are still happening. Last month, The U.S Department of Veterans Affairs <a href=\"https:\/\/www.commercialsearch.com\/news\/va-department-signs-57-ksf-oakland-office-lease\/\">committed to 57,000 square feet<\/a> at 1950 Franklin St. in Oakland, Calif., marking the biggest office lease in the city since 2021. Behring Cos. owns the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The eight-story building is part of a 28-acre master plan.<\/p>\n","protected":false},"author":3619,"featured_media":1004758225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1609,15],"tags":[33224],"class_list":["post-1004758223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-san-francisco","category-west","tag-tishman-speyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Eyes 150 KSF San Francisco HQ - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Coinbase is negotiating its headquarters lease at Tishman Speyer\u2019s Mission Rock Building B in San Francisco.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/coinbase-eyes-150-ksf-san-francisco-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Eyes 150 KSF San Francisco HQ\" \/>\n<meta property=\"og:description\" content=\"Coinbase is negotiating its headquarters lease at Tishman Speyer\u2019s Mission Rock Building B in San Francisco.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/coinbase-eyes-150-ksf-san-francisco-hq\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-16T13:18:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-16T13:20:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Mission-Rock-Building-B-in-San-Francisco-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/coinbase-eyes-150-ksf-san-francisco-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/coinbase-eyes-150-ksf-san-francisco-hq\/\",\"name\":\"Coinbase Eyes 150 KSF San Francisco HQ - 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