Dropbox signed the biggest office space deal in San Francisco history -- 736,000 square feet

The Exchange on Sixteenth San Francisco DropboxScreenshot/KilroyDropbox’s new offices at The Exchange will take up 736,000 square feet.

Dropbox has made a name for itself as a leader in file sharing and cloud storage.

Now it’s taking the lead in a completely different area: real estate. 

The company has agreed to lease 736,000 square feet of office space in the Mission Bay neighbourhood of San Francisco. The deal is the single largest office lease in the city’s history.

The Exchange is a still-under-construction $A724 million four-building complex that is being developed by Kilroy Realty Corporation. In addition to office space, the complex will also have 14,000 square feet of retail space which will be leased to other companies. 

Dropbox’s lease will last 15 years, starting at the end of 2018. The company didn’t say how much it will pay to rent the space. 

“We’re excited to partner with Kilroy to create a new home for our growing team,” Drew Houston, CEO of Dropbox, said in a statement. “The Exchange is a space that will reflect our creative culture and inspire us to continue building great products for our users.” 

Dropbox’s current office, where it moved in April 2016, is in San Francisco’s South Beach neighbourhood — about a 25 minute walk from the new building.

The company’s current office features a 5-foot-tall chrome panda statue in the entry way — rumoured to cost around $A126,880 — which came to represent a shift in the company from a buoyant darling of Silicon Valley excess to a serious business with an eye on profitability.

A representative for Dropbox declined to say whether or not the panda will move to the new office.

Take a peek at what Dropbox’s new building will look like:

Dropbox's new offices will be located at 16th and Owens St. in Mission Bay.

Google Maps

The four-building complex will include both offices and retail space.


They will also feature courtyards, bike paths, and gardens.

The ground-level retail space is 14,000 square feet and will be leased by other companies.


The design is LEED-platinum certified -- the highest ranking from the U.S. Green Building Council.


The complex's vast windows will have views of both the San Francisco Bay and the city.


The design, by Rios Clementi Hale Studios, was inspired by the surrounding environment.


Dropbox will move from its current office in three phases, starting at the end of 2018.


Outside of the office, Dropbox employees will also have access rooftop gardens and workspace.


Not a bad place to spend the work week.


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