JLL Renews Figma Lease At 760 Market Street In San Francisco
760 Market Street
Building Size
97,600 SF
Asset Type
Office
Closing
Apr 22, 2024
AI
The office space at 760 Market Street in San Francisco, spanning 97,600 square feet, has been leased by Figma, a product design platform. The lease renewal reflects Figma's commitment to the city, aligning with their focus on creativity and collaboration, supporting their global expansion efforts.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 760 Market Street
- Market: San Francisco
- Tenant: Nadia Singer, Dylan Field & Evan Wallace - Figma
- Landlord: Phelan Building LLC
- Landlord's Rep: Bill Benton, Michael Brown & Roman Adler - Newmark
- Tenant's Rep: Brittan Hawken & Hillary Hogan - JLL
- Lease Term: long-term
JLL's announcement of Figma's lease renewal emphasizes the continued business strength of Figma and their dedication to the city of San Francisco. The thoughtfully designed office space at 760 Market Street supports Figma's recruitment and retention efforts for top talent as they expand globally.
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