The price per square-foot (square-meter) for the building sale was a new high in the San Francisco commercial real estate market, according to its owner, Kilroy Realty Corporation.
\"This is a resounding sign that people are still excited to be a part of San Francisco and its future,\" San Francisco mayor London Breed said in a release.
Dropbox<\/a>, which provides data storage and other services hosted in the internet<\/a> cloud, signed a 15-year lease for all the office space<\/a> in the building in 2017, according to its owner, Kilroy Realty Corporation.
It was unclear how much of the 750,000 square-foot (60,000 square-meter) office property<\/a> is still being used by Dropbox given a shift to tech workers tending to their jobs remotely due to the pandemic.
Dropbox announced late last year it was becoming a \"Virtual First\" company, with working from outside the office becoming the \"primary experience \" for its employees.
Dropbox said in its latest quarterly earnings report that it planned to sublease a portion of its office space<\/a> while keeping some for team collaboration.
The tech firm reported $398 million in \"impairment charges\" in the final quarter of last year related to its leased space.
Silicon Valley has seen departures of some of its high-profile stars as a pandemic-linked shift to remote work and political polarization have dulled the allure of the key tech industry hub.
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