Tiger Global Management, the hedge fund firm founded by Chase Coleman, is opening a San Francisco office in the Transamerica Pyramid, marking a strategic move into the heart of the city’s tech and AI hub, according to a report by Bloomberg.
The hedge fund and venture firm will occupy approximately 4,000 sq ft on the 44th floor, paying an estimated $300 per sq ft, well above the city’s median rate of $70.43, highlighting continued demand for prime office space despite elevated vacancy rates.
The move reflects Wall Street’s renewed focus on the Bay Area, home to AI startups such as OpenAI, Anthropic, and Perplexity. Other recent tenants of the iconic building include Coatue Management and Mizuho Financial Group.
Tiger Global noted in a statement that it has been a “longtime investor in the Bay Area” and is “excited to be growing our footprint there.” The Transamerica Pyramid, which underwent a major renovation in 2024, is now roughly 85% leased.
