{"id":1004809071,"date":"2026-08-18T05:37:21","date_gmt":"2026-08-18T13:37:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004809071"},"modified":"2026-08-18T05:40:26","modified_gmt":"2026-08-18T13:40:26","slug":"canopy-signs-full-building-lease-in-san-francisco","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/canopy-signs-full-building-lease-in-san-francisco\/","title":{"rendered":"CANOPY Signs Full-Building Lease in San Francisco"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a8477fbb1c73&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1200\" data-attachment-id=\"1004809072\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/canopy-signs-full-building-lease-in-san-francisco\/102-montgomery-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg\" data-orig-size=\"1600,1200\" 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;&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=\"102-Montgomery-St\" data-image-description=\"&lt;p&gt;Image from: https:\/\/www.businesswire.com\/news\/home\/20260817921124\/en\/Presidio-Trust-and-CANOPY-Sign-Lease-for-102-Montgomery-Street&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Built in 1896, 102 Montgomery St. originally served as a barracks for two companies of the Fifth U.S. Artillery Regiment. Image courtesy of the Presidio Trust&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg\" alt=\"A photo of 102 Montgomery St. in San Francisco's Presidio.\" class=\"wp-image-1004809072\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/102-Montgomery-St.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Built in 1896, 102 Montgomery St. originally served as a barracks for two companies of the Fifth U.S. Artillery Regiment.<em> Image courtesy of the Presidio Trust<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Boutique coworking and flexible office provider CANOPY has signed a full-building lease with the Presidio Trust for 102 Montgomery St., an approximately 40,000-square-foot historic building in San Francisco\u2019s Presidio. The new location is expected to open in spring of 2027.<\/p>\n\n\n\n<p>Designer Yves Behar and his firm, fuseproject, will complete a custom buildout for CANOPY across three floors and the basement of the building. Amenities will include four suites with embedded conference rooms, private offices, two board rooms, shared kitchens on every floor, a caf\u00e9 and a small gym room.<\/p>\n\n\n\n<p>Built in 1896, the building is the last historic brick structure on the Presidio\u2019s Main Post to be restored and activated. The building served the National Park Service from 1993 to 2001 as the Presidio\u2019s planning and transition offices, with a visitor center on the ground floor. This was the period when the Presidio was starting to transition from a military base to a national park site.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>LISTEN TO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-design-lab-charles-bloszies-on-what-makes-building-conversions-work\/\">Charles Bloszies on What Makes Building Conversions Work<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>After a period of vacancy, the building underwent an 18-month rehabilitation by the Presidio Trust to bring it back to life for modern use while preserving its historic character. That work included structural upgrades by Holmes Structural Engineers, who applied fiber-reinforced polymer to the interior masonry walls, resulting in upgraded seismic performance. The project did not significantly reduce leasable square feet, a Presidio Trust spokesperson told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<p>The perimeter walls of the basement were also lined with reinforced shotcrete on new foundations. In addition, the upper floors were all structurally tied to the newly reinforced perimeter walls.<\/p>\n\n\n\n<p>In its original 1896 state, 102 Montgomery St., formerly known as Building 102, was a barracks for two companies of the Fifth U.S. Artillery Regiment. It and identical nearby barracks offered such amenities for the era as indoor plumbing, heating, mess halls, kitchens, reading rooms, barber shops and tailor shops.<\/p>\n\n\n\n<p>Founded in 1996, the Presidio Trust is the federal agency that stewards the Presidio, in partnership with the National Park Service and with support from the Golden Gate National Parks Conservancy. The Trust sustains the Presidio by leasing homes and workplaces and offering visitor amenities.<\/p>\n\n\n\n<p>The 1,500-acre Presidio is one of America\u2019s most visited national park sites, located within the Golden Gate National Recreation Area and adjacent to San Francisco\u2019s Golden Gate Bridge.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-booming-by-the-bay\">Booming by the Bay<\/h2>\n\n\n\n<p>Last October, <a href=\"https:\/\/www.commercialsearch.com\/news\/presidio-bay-ventures-unveils-san-francisco-projects-1st-tenants\/\">CANOPY signed on<\/a> to be one of the anchor tenants at The Spear, a former Class B San Francisco office building being renovated and expanded by Presidio Bay Ventures. The firm is transforming the 11-story building into a 13-story Class A workplace, which is scheduled to be completed by this fall.<\/p>\n\n\n\n<p>Artificial intelligence continues to be the primary driver of office demand and leasing activity across San Francisco, according to a second-quarter report from Kidder Mathews. Office leasing accelerated through the first half of this year, with the city hitting seven straight quarters of more than 2.0 million square feet of leasing activity, including 3.6 million just in the second quarter.<\/p>\n\n\n\n<p>Net absorption for the quarter was 830,000 square feet, a pace that could give the city\u2019s office market its strongest annual performance since 2018, \u201csignaling a market that has officially moved beyond stabilization and into the early stages of recovery,\u201d Kidder Mathews reported.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The historic property has undergone substantial structural upgrades.<\/p>\n","protected":false},"author":882,"featured_media":1004809072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,21808,21742,1609,15],"tags":[52956,37276],"class_list":["post-1004809071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-featured","category-latest","category-san-francisco","category-west","tag-canopy","tag-presidio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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