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SAN FRANCISCO, Calif. /California Newswire/ — S.F. Mayor Edwin M. Lee and Dropbox CEO Drew Houston today officially opened the new office of Dropbox, a tech company that provides a sharing service for users to store photos, documents, and videos. The company’s new headquarters is located at 185 Berry Street, occupies 87,000 square feet and provides space for future growth.

The Office of Economic and Workforce Development (OEWD) estimates this new office can accommodate approximately 550 employees, a five-fold increase over current employment.

“From cloud to mobile to social to gaming, San Francisco is ground zero for innovative companies like Dropbox,” said Mayor Lee. “Dropbox’s decision to locate their headquarters in San Francisco demonstrates what we already know – that San Francisco is the ‘Innovation Capital of the World.’ The tech ecosystem we are nurturing now has the best local talent, is helping us create jobs and reinvigorate our local economy. I am thrilled to officially welcome them to their new home in SoMa.”

“We’re proud to call San Francisco our home; there’s no better place in the world for creative thinkers and builders,” said Dropbox CEO and Co-Founder Drew Houston. “We’d like to thank the Mayor for joining us today and for the City’s support.”

The new Dropbox location in the China Basin Landing Building provides the company with an opportunity to create their own office space, is located next to convenient transit, is adjacent to AT&T Park, and enjoys access to the best talent and creativity of the San Francisco workforce.

About Dropbox: Dropbox simplifies millions of people’s lives by letting them bring their docs, photos, and videos anywhere and share them easily. The service has more than 50 million users in over 175 countries. Dropbox was founded in San Francisco in 2007 by Drew Houston and Arash Ferdowsi. For more information, go to https://www.dropbox.com/press.