Robotics Firm Pantheon Nearly Quadruples Waterfront Plaza Lease to 20,000 SQFT in San Francisco
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 155th San Francisco story tracked on the wire in September 2026. All San Francisco coverage →
- Disclosed office deal value tracked in September 2026: $13.7B across 69 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
Pantheon, a robotics company, has expanded its Waterfront Plaza office to 19,900 square feet from just 5,200 square feet only months after signing its original lease with Jamestown. The post Robotics Firm Pantheon Nea…
External link. Real Estate Trail does not republish source content.
Related coverage — San Francisco · Office
San Jose Earthquakes Take 17,000 SQFT Near Santana Row, Clearing Stadium-Side Space for Soccer Staff
The San Jose Earthquakes have relocated nearly 100 front-office employees to a furnished fourth-floor office at 560 S. Winchester Blvd. beside Santana Row, turning their former space next to PayPal Park over to the cl…
Hudson Pacific Sells Nearly Vacant San Francisco Office Complex for $65M
Hudson Pacific Properties, Inc. said Friday it completed the sale of 875 and 899 Howard, two downtown San Francisco properties totaling approximately 284,000 square feet, for $65.5 million before prorations and closin…
Hudson Pacific Sells 284,000 SQFT 875-899 Howard in San Francisco for $65.5MM
Hudson Pacific Properties has unloaded its two emptiest San Francisco office holdings for $65.5 million, entitling part of a vacant former Burlington Coat Factory building for office use before handing both properties…
AI firms boost office leasing in San Francisco and Manhattan markets - report (SLG:NYSE)
The race is on for San Francisco's next big tower - San Francisco Business Times
California People and Company News, Week of Sept. 25, 2026
Colliers has added Grant Hyjer to its Oakland office, where he will specialize in industrial leasing, sales, and investment across the I-880 corridor and the broader East Bay as SVP. Hyjer brings over a decade of high…