Jamie Hodari Of Industrious Expands Office Lease At 345 California Street San Francisco By 17100 SF
345 California Street
Building Size
17,100 SF
Asset Type
Office
Closing
Nov 26, 2025
AI
The property involved in the transaction is located at 345 California Street, San Francisco, and is an office asset totaling 17,100 square feet. The tenant, Industrious, is expanding its premises, which will increase the total footprint to 50,500 square feet across three floors. The buildout for this expansion is expected to be completed by mid-February 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 345 California Street
- Market: San Francisco
- Asset Size: 17,100 square feet
- Tenant: Jamie Hodari - Industrious
This transaction reflects Industrious's ongoing expansion efforts in the Bay Area, which are driven by strong demand for downtown office space, particularly from AI companies. Alongside this lease, Industrious has also secured a new 19,800-square-foot lease in Burlingame.
Players
San Francisco Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93