USAA, the San Antonio-based insurance and financial services company is planning to vacate its downtown offices by the end of the year. 

The 500 employees who work in the company-owned two office towers will soon move back to the sprawling headquarters campus in Northwest San Antonio.

“Like many companies, the pandemic and a shift to hybrid and remote working have changed our real estate need as we have ample space for current and future employees in our Home Office campus,” said USAA’s Wayne Peacock. “San Antonio has been our headquarters for 100 years, and we will continue to grow here.” It is not yet clear whether USAA Real Estate will sell the property or continue to sublease it.

Over the last several years, USAA has exited more than 10% of its real estate footprint nationwide, which amounts to 1 million square feet of office space. The company has saved about $31 million a year.