Snowflake Subleases 773K SF in Bay Area’s Biggest Deal Since Pandemic

Cloud-based data storage firm Snowflake has signed the biggest office lease in the Bay Area since the pandemic, subleasing 772,983 square feet from Meta in a four-building Menlo Park campus at 125-135 Constitution Dr. and 100-150 Independence Dr., the San Francisco Business Times reported. The lease reportedly runs through 2033.

The complex Snowflake will occupy is part of the Menlo Gateway project owned by Bohannon Companies. Brookfield Asset Management purchased a minority stake in the project in 2022.

The company, which also leases 200,000 square feet of its former head offices in San Mateo, moved headquarters to Bozeman, MT soon after its 2020 IPO, the Business Times reported. More recently, it has been consolidating operations in the Bay Area.

Warrick Taylor, VP of workplace and real estate at Snowflake, told the Business Times, “The Menlo Park office will give us room to grow, as well as give our Bay Area employees an amazing environment in which they can do their best work. Snowflake has been on an unprecedented growth trajectory and our incredible new campus will accommodate our continued growth in the years to come.”