Co-Working Provider Canopy Signs Full-Building Lease at Long-Vacant Presidio Structure

The Presidio Trust has signed a 40,000-square-foot lease with Canopy, a boutique co-working and flexible office provider, for the full building at 102 Montgomery St. It is the last historic brick structure on the Presidio’s Main Post to be restored and activated, and one of the largest leases signed in the San Francisco landmark complex this year.

Originally constructed in 1896, the building had been vacant since the 1970s. Following an 18-month, full-scale rehabilitation by the Trust, the property has been brought back to life for modern use. The new Canopy location, which joins three others in San Francisco, is expected to open in the spring of 2027.

“We’re very pleased to welcome CANOPY to the Presidio,” said Daryl Ansel, interim director of commercial asset management, Presidio Trust. “Creating places where people can work, connect, and engage with the park strengthens the Presidio’s vitality and supports a dynamic tenant community.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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