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March 13, 2021 09:34 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/JV1i-BTVIxM/more-san-francisco-tech-companies-cancel-leases-due-to-remote-work
More San Francisco Tech Companies Cancel Leases Due to Remote Work
Salesforce canceled its 325,000-square-foot lease at the unbuilt Parcel F tower in San Francisco's Transbay neighborhood, reports SFGate:The company announced in February that more than half of its workforce will continue working remotely or on a flexible schedule after the pandemic is over... The lease termination is just the latest blow to San Francisco's downtown office footprint as more companies shrink or offload leases because of the persistence of remote work. The lease on Yelp's 161,876-square-foot office space at 140 New Montgomery St. is up in October 2021 and the entire space has been listed for rent. WeWork confirmed it would be scaling back its Bay Area locations and is closing five downtown locations. Just this week, the Mission Bay headquarters once leased by Dropbox is being sold for $1.08 billion. The company adopted a remote work policy in October 2020... In August 2020, Pinterest paid $89.5 million to terminate its lease for 88 Bluxome.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/JV1i-BTVIxM/more-san-francisco-tech-companies-cancel-leases-due-to-remote-work
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