Transbay is a trophy-tier Class A submarket of San Francisco with average asking rent around $105/sqft/yr.
The trophy core anchored by Salesforce Tower. · Tier: trophy · Avg rent: $105/sqft/yr
Transbay is San Francisco's trophy core. Salesforce Tower, 181 Fremont, and the Salesforce Transit Center define the cluster. Strongest tenant covenants in the city.
Foundation-model AI, fintech, large enterprise software, top law firms.
30-50,000 sqft floor plates, advanced MEP, raised access, terraces.
Salesforce Transit Center, Embarcadero BART/Muni.
Future Caltrain DTX extension will further tighten Transbay's transit anchor.
Salesforce Park (rooftop), Transit Center retail, Embarcadero waterfront.
Transbay is one of 6 Class A submarkets we cover in San Francisco, classified as trophy tier with an average asking rent around $105/sqft/yr. Compared with the broader San Francisco Class A stock, Transbay typically attracts Foundation-model AI, fintech, large enterprise software, top law firms and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Transbay: Financial District, Mission Bay & SoMa, Jackson Square, Mission Bay. The full San Francisco submarket atlas is at /cities/san-francisco.
For an institutional Class A occupier evaluating Transbay, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to San Francisco Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.