Google will cut its space at 215 Fremont St. in downtown San Francisco by 54% as it renews its lease in the building, marking the latest office downsizing for the tech giant.
Going forward, Google will lease 64K SF, down from its previous 140K SF. Clarion Partners and LPC West bought the building in 2019, the San Francisco Chronicle reported.
The smaller lease mirrors other deals taking place in the Bay Area as companies rethink their space needs in the new hybrid work environment.
“Due to the remote/hybrid environment that many tech players instituted during the pandemic there was less space needed,” Cushman & Wakefield…
Source: Google Renews A San Francisco Office Lease For 54% Less Space