This has become the pattern around here:
That place is just around the corner from us.
Some "developers" buy an old property (this one was a ratty tatoo parlor and bikers-clothing store) and pimp it out. Sandblasted old wood, modern trendy staircases, glass cube conference rooms, fancy coffee bars, mandatory custom fake graffiti. Then they offer it for lease at 5x what it was before. In this case, they leased it to a VC-funded cloud apps thing that is now gone. It's been for lease for months now, asking $50+ per sq foot per year, about half a megabuck per year.
It has a SLIDE! I wonder how much that increased the asking price.
Only kids with a pile of VC money go for space like this.
Like Luxe: