Meta Platforms May Be Shedding Massive Amounts Of Office Space, As Is Others
Meta has placed 114,000 sf off office space in Fremont on the sublease market. It is also rumored to be considering giving up 430,000 sf at 181 Fremont St. in San Francisco.
Pinterest giving up a chunk of their San Francisco office space. Salesforce just this week considering giving up more space in San Francisco. Oracle just announced it will put 186,000 sf of office space it owns at 5805 Owens Drive in Pleasanton on the market. AT&T may have 400,000 sf of Bishop Ranch office space for sublease. I also know of a number of East Bay firms downsizing from 50,000 rsf to 10,000 rsf, including some household names. If there any avalanche still to come or will there be a continual dribble of downsizing announcements?
