Salesforce announces plans for new San Francisco headquarters

Salesforce unveiled plans for a new, 61-story Salesforce Tower at 415 Mission Street in San Francisco to expand its worldwide headquarters, and as part of that it’s filed an 8-K form with the SEC with the details of how much it will be investing to do so. The CRM giant will pay $560 million over a period of 15 years starting 2018 to lease space, with an additional $130 million on top of that for for leasehold improvements, amounting to a total of outlay of $680 million. Salesforce’s move is also an interesting development considering the ongoing debates about tech workers who live in San Francisco and are accused of putting a strain on the residential market, some of whom do not work in the city itself — resulting in a string of protests around the busses that they use for their commutes. One suggested solution has been to ramp up high-density housing (read: skyscrapers, not unlike the Salesforce Tower), which has its own drawbacks.