Ripple Offers SFPD Five-Year Rent-Free Office Extension
Ripple Labs and founder Chris Larsen propose extending the free downtown office space the San Francisco Police Department uses for its investigation center.
Updated on Nov. 7, 2026 in Remote Work
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Mayor Daniel Lurie introduced a resolution to extend a rent-free sublease of office space at 315 Montgomery St. for the San Francisco Police Department's Real Time Investigation Center, valued at $5.5 million. The sublease would run through March 31, 2032, with an option for either party to end it early in 2030.
Why it matters
The extension gives the department longer-term planning certainty, as the original sublease was intended to be temporary until a permanent location was found. The proposal arrives amid ongoing debate over Flock cameras in San Francisco this election cycle.
The sublease extension is valued at $5.5 million for 14,759 square feet of downtown office space, up from an initial gift valued at about $2 million. The rent-equivalent of just over $1 million per year has not yet been voted on, and the Budget and Finance Committee and full Board of Supervisors must still approve the gift.
The players
Ripple Labs
Ripple Labs is a San Francisco-based blockchain payments company that has supported local public safety initiatives through its founder.
Chris Larsen
Chris Larsen is the co-founder of Ripple, who has funded a network of cameras across San Francisco and said the longer term allows for better planning.
Daniel Lurie
Daniel Lurie is the mayor of San Francisco, who introduced the resolution to extend the sublease.
San Francisco Police Department
The San Francisco Police Department is the city's primary law enforcement agency, which operates the Real Time Investigation Center in the donated space.
The details
Ripple Labs and founder Chris Larsen gifted the SFPD 14,759 square feet at 315 Montgomery St. in 2025, and the Real Time Investigation Center has occupied it rent free for a year and a half. The resolution, introduced Tuesday by Mayor Daniel Lurie and co-sponsored by Supervisors Matt Dorsey and Rafael Mandelman, would extend the arrangement for five and a half years, and police spokesperson Evan Sernoffsky says the unit has contributed to at least 1,700 arrests.
Timeline
2025: Ripple Labs and Chris Larsen gift 14,759 square feet of office space to the SFPD.
Tuesday: Mayor Daniel Lurie introduces the sublease extension resolution.
2030: Either party may cut the agreement short.
March 31, 2032: The extended sublease ends.
Remote Work
The arrangement reflects a broader pattern in which private donors and tech employers have offered office space and funding to public safety agencies in San Francisco, following the 2025 gift of 315 Montgomery St. that was originally meant to be temporary. Converting that temporary sublease into a five-and-a-half-year extension marks a shift toward longer-term public-private space arrangements.
For San Francisco residents, the extension keeps the Real Time Investigation Center in its current downtown location without a change in rent cost to the city. The arrangement would continue through March 31, 2032, unless either party chooses to end it in 2030.
The takeaway
Long-term public-private space arrangements can give city agencies planning certainty, but their terms and early-exit options deserve close attention as they move through committee and the full board.
What happens next
The gift must pass the Budget and Finance Committee and then the Board of Supervisors for a final vote, which is expected to pass.
Further reading
For more on office arrangements like this one, explore Remote Work coverage.
Source note: This article includes information reported by Mission Local.
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