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Supervisors reject 1155 Market Street office lease after budget committee warns against deal
Summary
The Board of Supervisors voted 11-0 on Sept. 26 to reject a proposed five-year, 103,000-square-foot office lease at 1155 Market Street after the Budget and Finance Committee and several supervisors said the terms were unfavorable and that the city should explore alternatives such as property purchase or relocation.
The San Francisco Board of Supervisors on Sept. 26 voted against approving an amended and restated office lease for roughly 103,000 rentable square feet at 1155 Market Street, rejecting the proposal after members said the contract did not reflect current real‑estate market conditions.
Supervisor Chan, speaking for the Budget and Finance Committee, urged colleagues to vote no. “A no vote to the legislation…will allow us the city to perhaps go back and figure out a better solution,” Chan said during the committee’s report to the full board.
The measure, described in the clerk’s reading as a 5‑year lease with…
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