Downtown San Francisco’s 455 Market St. office tower is back on the block, with owner UBS Realty Investors once again looking for a buyer after shelving an earlier sale attempt when 2022 offers came in below its expectations. The 23-story high-rise totals roughly 374,200 square feet and includes digital health company Hinge Health among its largest tenants.
According to the San Francisco Business Times, UBS has relaunched the sale of the Financial District building, reviving a process that investors and brokers have been tracking since the pandemic-fueled slowdown. The timing lines up with early signs of renewed leasing activity and investor interest in select parts of the city’s office market.
How the 2022 Listing Ended
Back in 2022, UBS tested the market for 455 Market but ultimately pulled the offering after bids failed to meet the seller’s pricing hopes, according to contemporaneous reports. SFGATE reported at the time that the tower was about 80% leased, and marketing materials from that run pointed to pricing guidance near $280 million. The Registry detailed the offering materials and the broader market backdrop during that first sales push.
Hinge Health And The Tenants
Hinge Health lists its principal executive offices at 455 Market Street, Suite 700, according to its SEC filings, which makes the company a significant tenant in the building. The San Francisco Business Times noted that Hinge Health could reassess its space needs as ownership of the tower changes hands.
Why Now: Market Shifts
One key reason UBS is trying again is a gradually tightening office market after several rough years. First quarter 2026 numbers show improving fundamentals across San Francisco. CBRE’s Q1 report pegged vacancy at about 30.4%, with roughly 2.27 million square feet of positive net absorption, a shift that may be giving sellers more confidence to re-enter the market.
Next up on the watch list: the price tag UBS sets this time around, any disclosures about major upcoming lease expirations, and whether Hinge Health sticks with 455 Market through a sale. Whoever steps up to buy the tower will be betting on both the near-term leasing calendar and how much value has crept back into San Francisco’s older downtown office stock.
