Airbnb Inks Largest Office Lease of the Year in San Francisco

Aug 2, 2017

Blanca Torres

Airbnb inked the largest office lease so far this year in San Francisco with a 287,000 square-foot, nine-year deal to occupy space in Zynga’s headquarters at 650 Townsend St.

The vacation rentals company confirmed the deal Wednesday after months of speculation. Zynga’s San Francisco headquarters. “Airbnb got started a few blocks away and we’re grateful to be growing quickly and investing in the SoMa neighborhood,” said Mattie Zazueta, a company spokesperson.

“The new space will help accommodate our employees as we grow.” With the new lease, Airbnb will occupy more than 600,000 square feet in Showplace Square, an area of SoMa once dominated by furniture showrooms and jewelry wholesalers.

Airbnb plans to move into the new office in 2019. The company recently expanded into 999 Brannan St., where it leased 150,000 square feet last year. Airbnb also occupies about 170,000 square feet in 888 Brannan St. and space in 99 Rhode Island St. The company has roughly 1,500 employees in San Francisco. Zynga, a mobile game maker, confirmed the lease with Airbnb during its second quarter earnings release calling Airbnb the anchor tenant in its 670,000 square-foot headquarters building.

“We’ll continue to optimize our footprint within the building and pursue additional leasing opportunities,” Zynga said in a statement. The company was represented by Cushman & Wakefield in the lease deal.

 

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2017-09-25T11:14:34+00:00 August 15th, 2017|Categories: In the News|0 Comments