ByteDance, the parent company of social media platform TikTok is planning to sublease 658,000 square feet of space at the Coleman Highline Development in San Jose, CA. The China-based tech giant will be occupying two buildings that once belonged to Verizon on Coleman Avenue.

The move, if approved by all parties involved, will be a big boost for the Silicon Valley office sector which has struggled through the pandemic, and a new report from the Mineta Transportation Institute indicates telecommuting is likely to continue for at least three years, further dampening the recovery.

Verizon bought Yahoo in 2017, and then struck a deal in 2019 to lease the buildings at Coleman Highline, but 2 years later, Verizon sold Yahoo to Apollo Global Management. Rather than occupy the buildings, it appears the company will instead sublease the large footprint to ByteDance, which will join another large tech company, Roku at the North San Jose campus.