295 Bay Street — Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: San Francisco, CA 94133
  • Size: 35,562 SF
  • Year built: 1967

Photos

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 295 Bay Street (“295 Bay” or the “Property”), a 100% leased 4-story boutique Class A creative office building in San Francisco’s North Waterfront. 295 Bay offers best-in-class creative office space featuring open floor plans, modern finishes, and sweeping downtown San Francisco views from upper floors. The distinctive first floor showcases soaring ceiling heights with interconnected stairs and light wells connecting to the mezzanine level. The Property is 100% leased to Cursor, a rapidly scaling AI company, valued at $29.3B following its recent $2.3B Series D funding round in November 2025. Recently, SpaceX agreed to acquire Cursor for $60B by the end of 2026, with a $10B ongoing collaboration fee for joint engineering work if the deal does not close. As Cursor’s global headquarters, 295 Bay represents a rare opportunity to acquire a fully renovated, cash-flowing creative asset in the North Waterfront leased to one of the world’s fastest-growing technology companies.

Market Context

This office in San Francisco, CA is listed for sale across 35,562 SF. The building dates to 1967. Compare it against other office listings for sale in San Francisco, CA — view the full market.

As of Q2 2026, the San Francisco office market showed a 26.8% vacancy rate, average asking rents near $71.41/SF/yr, and rents up 1.0% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the San Francisco office market tightening or softening?
Vacancy is around 26.8%, with asking rents rising year over year (Q2 2026).

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