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San Francisco Boom Pins Office Landlords to Tech Bets

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San Francisco Commercial Real Estate at New Heights

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It took Kilroy Realty Corp. three days to nail down the major points of an almost two-decade lease for Salesforce.com Inc. at the property company’s new San Francisco tower. A final agreement was signed within five weeks.

“That’s probably the fastest transaction we’ve ever done of that size,” said Chief Executive Officer John Kilroy of the 2012 deal. The 30-story building is now rising in the city’s booming South of Market neighborhood, where at least 12 other office properties are planned or under construction.