The 26-story building is located in the “South of Market” neighborhood which has enjoyed a renaissance of sorts along with the nearby Mission District and other neighborhoods that were largely underdeveloped until the dot-com boom of the 90’s. The tech boom that came out of that is responsible for the continued development of these areas.
The migration continues
LinkedIn Corp (NYSE:LNKD) did not disclose the financial terms of the deal but did state that the building at 222 Second Street could ultimately house up to 2,500 LinkedIn employees. It’s just another example of Silicon Valley’s northern migration as companies compete for employees who would prefer to live in San Francisco without a long commute.