The Downtown office market is continuing to gain momentum. In addition to the big announcements from companies like Google and Adobe, there are smaller wins to celebrate as well. The Riverpark II office tower near the Guadalupe river sat empty for many years and was a sobering reminder of our great recession. Today the building is over 90% leased.
Cohesity is the latest tech company to make Downtown their headquarters, taking two whole floors in Riverpark. They are moving from a 14,000 SQFT space in Santa Clara to 40,000 SQFT in the tower. That means even more workers to liven up our city's core and hopefully take advantage of the Guadalupe River Park, one of our most underrated attractions.
A few feet away, Erik's DeliCafe has also opened a brand new location on the ground floor of Riverpark I (333 San Carlos Street, Suite 150). The restaurant will feature an espresso bar, breakfast options, and online ordering to cater towards Downtown techies. This was formerly the location of Paolo's, which closed down in August 2015. Slowly but surely, all the available office and retail spaces are filling up.
Source: SVBJ, SVBJ #2
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