bolsters local tech revival 

click to enlarge is taking 242,753 square feet at 680 Folsom St.
  • is taking 242,753 square feet at 680 Folsom St.

Tech migration to San Francisco is continuing on a steady pace, with leases inked for more than 1 million square feet of office space in 2012 alone, according to the Mayor’s Office.

The figure was released in conjunction with an announcement Thursday that department store retailer signed a 15-year lease for more than 240,000 square feet at 680 Folsom St. in the South of Market neighborhood.

Mayor Ed Lee said the move is further evidence that San Francisco is the “innovation capital of the world.” The announcement comes just after Riverbed Technology — a cloud computing and inner-office communications company — locked up nearly 170,000 feet in the same building. Both companies are set to move into the new space in 2014.

The activity reflects an announcement made at a Chamber of Commerce event Tuesday morning featuring prolific tech investor Ron Conway, who said a survey of The City’s tech companies shows they plan to hire 8,000 new workers this year.

Breakdown of tech activity

• – 400,000 square feet at 50 Fremont St.

• – 242,753 square feet at 680 Folsom St.

• Riverbed Technology – 167,788 square feet at 680 Folsom St.

• Kabam – 64,000 square feet at 795 Folsom St.

• StumbleUpon – 63,000 square feet at 310 Brannan St.

• LinkedIn – 57,000 square feet at One Montgomery St.

• 6Waves – 26,405 square feet at 550 Kearny St.

• Funzio – 20,000 square feet at 55 2nd St.

SOURCE: San Francisco Mayor’s Office

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