JPMorganChase will grow its office footprint in downtown San Francisco, signaling the finance firm’s attempt to spur the city’s revitalization.
The bank is increasing its leased space at 560 Mission Street by more than 65,000 square feet, bringing its total to nearly 280,000 square feet, the San Francisco Business Times reported. The building will be renamed the JPMorganChase Center, marking it as the bank’s Bay Area headquarters.
The location will house more than 1,600 of the company’s nearly 7,000 local employees and offer amenities such as a fitness center and dining areas — part of a broader trend supporting return-to-office efforts. JPMorganChase now mandates most employees work in-office five days a week.
Mayor Daniel Lurie praised the move, highlighting it as a vote of confidence in the city’s future and aligning with his administration’s focus on downtown business growth and safety. Just days ago, the mayor participated in a conference on how to revive downtown.
The expansion also includes renovations at both the new headquarters and the bank’s space at One Front Street — formerly occupied by First Republic Bank, which JPMorganChase acquired in 2023. Post-acquisition, JPMorganChase reduced its space at One Front but will retain about 102,000 square feet through leases expiring in 2029 and 2030.
Planned renovations at both locations will add updated meeting spaces, collaboration zones, and wellness-oriented features, creating about 500 construction jobs.
In a press release announcing the expansion, JPMorganChase said it is “doubling down on its commitment to San Francisco.”
Beyond real estate, JPMorganChase is boosting its philanthropic efforts with $3.8 million dedicated to reviving the downtown economy. Funds will support small businesses through loans and initiatives aimed at filling vacant storefronts and revitalizing neighborhoods.
Additionally, JPMorganChase is launching seven new financial centers in the Bay Area to better serve high-net-worth clients, applying lessons learned from First Republic.
The bank’s initiatives are part of a broader strategy estimated to generate over $1.2 billion in economic impact, reinforcing its role in the city’s recovery. It will also continue hosting major events like the J.P. Morgan Healthcare Conference, which will return to San Francisco in 2026.
— Joel Russell
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