Dario Amodei Of Anthropic Signs Long-Term Lease For 240,000 Square Feet In San Francisco
500 Howard Street
Building Size
240,000 SF
Asset Type
Office
Closing
Apr 6, 2026
AI
The property asset involved in this transaction is an office space located at 500 Howard Street, San Francisco. It encompasses a total of 240,000 square feet. The asset is situated in a market that has shown significant growth, evidenced by the recent activities in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 500 Howard Street
- Market: San Francisco
- Asset Size: 240,000 square feet
- Tenant: Dario Amodei
- Company: Anthropic
Dario Amodei represents Anthropic in this lease agreement. This deal marks a transition from a prior sublease with Slack, solidifying Anthropic's long-term commitment to the space as part of their expansion strategy within downtown San Francisco. The company has strategically leased approximately 850,000 square feet over recent years, driven by substantial revenue growth and notable valuation following funding rounds.
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