Facebook takes all of wework’s 456,760 sqft subleased space at the village of san antonio in mountain view
I’ve been giving speeches at various organizations, forecasting the market, where we are headed, if we are in a bubble (or two), and in my presentation I mention Facebook’s lease last month of the last available office building in San Francisco, taking all 750,000 sf, then, a few weeks later, leasing one million square feet of office space on the Peninsula, and just last week leasing an additional 750,000 sf in Fremont. Well, today it was announced Facebook just sublet 456,760 sf from WeWork (who in turn had sublet from LinkedIn). Three million square feet leased in 30 days! At the normal 5-6/1000 square feet leased, this could mean 18,000 tech jobs are now available! (The Registry, June 21, 2018)
