SHVO Competes 233K SF of Leases at Transamerica Pyramid Center

SHVO completed nine leasing transactions for a total of 222,000 square feet at Transamerica Pyramid, and three leases totaling 11,000 square feet at Two Transamerica over the past year. Tenants were not identified.

Asking rents across the recent transactions have achieved above-market rents between $120 and $300 per square foot. Transamerica Pyramid now commands the highest rents in San Francisco and the second highest office rents in the U.S., according to SHVO. The building is currently 85% leased.

Transamerica Pyramid Center was represented by Chris Roeder, Matt Shewey and Carlyle Parker from JLL.

“Since acquiring Transamerica Pyramid Center in 2020, at a time when many were questioning the future of San Francisco, we recognized an opportunity that others overlooked,” said Michael Shvo, chairman and CEO of SHVO. “We saw the potential to honor the building’s legacy while reimagining its future, and over the past several years, that vision has come to life.”

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