San Fran City Office Wants Out of Lease Due to High Rent

San Francisco wants out of … San Francisco.

The City of San Francisco is rejecting the renewal of its building lease at 1155 Market St. due to high rent amid the declining real estate market, The San Francisco Standard reported Monday.

The City of San Francisco offices in the 11-story building, leased since 1999 from nonprofit LightHouse for the Blind and Visually Impaired, but the City’s Board of Supervisors rejected approving a new five-year lease renewal due to the high rent amid declining property values in the city, according to the report.

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