Square Inc to sublease part of its San Francisco headquarters
Increase in subleases can be seen as an early warning sign for the real estate market that firms are retrenching
San Francisco
SQUARE Inc is putting part of its San Francisco headquarters space on the market, joining a growing number of technology companies subleasing offices in the city after planning for future expansion.
Square, the mobile payments company co-founded by Twitter Inc chairman Jack Dorsey, is offering for sublease 50,000 square feet (4,600 square meters) on two floors at 1455 Market Street, according to brokerage Savills Studley Inc. In the same building, Rocket Fuel Inc put 50,000 sq ft on the market earlier this year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
China home sales slump 47% over May Day holiday vs 2023
China builder Vanke tells investors it readied money to pay bond