Airbnb Gives Up 150K SF Office As It Leans Further Into Remote Work

999 Brannan St.
999 Brannan St., San Francisco

Airbnb is giving up a 150K office in San Francisco’s SoMa district in yet another blow to San Francisco’s struggling office market.

The move is not wholly surprising, as the company noted earlier this year it planned to shift to a fully remote work model, but is still a knock to the city’s office vacancy rates.

The 999 Brannan St. location, owned by Dolby Laboratories, will be available on a sublease basis until June 2026, according to the San Francisco Business Times.

However, Airbnb will continue to lease its 280K SF headquarters at 888 Brannan St. for the near future, though the lease on that location will expire in 2023, according to the San Francisco Business Times.

Meanwhile, office vacancy within the city continues to rise. Transwestern noted in its Q3 report for this year that office vacancy has risen to 22.2%, however, there are some signs of life.

The report also noted Kastle Systems data as of Sept. 16 showed a 40.7% average of workers returning to the office, as compared to pre-pandemic levels, hitting a pandemic high.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent

Boston Waterfront Property Planned For Hotel Project Put Up For Sale