Following recent news that Facebook and Instagram parent company Meta Platforms Inc. is subleasing office space in Seattle, the company has confirmed it is also dumping 435,000 square feet of space in San Francisco at 181 Fremont Street. The Silicon Valley Business Journal reports Meta is subleasing its Transbay District space primarily occupied by Instagram.
The space, reportedly the largest single available sublease in The City, will open up on June 1 with JLL handling the listing. The mixed-use building is owned by Jay Paul Co., with high-end condos occupying the upper floors.
Like so many Bay Area tech companies, Meta says it is embracing the remote-work realities brought on by the pandemic, and is looking to make investments that support the workplace of the future. The company also leases the entire 43-story Park Tower on Howard Street in San Francisco, which they will continue to occupy…at least for now.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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