In an effort to adapt to its growing remote workforce, Salesforce is looking to rent out nearly half of the office space in one of its high-rises in downtown San Francisco. The largest employer in the city, Salesforce has listed a massive amount of space in the 43-story Salesforce West building—not to be confused with the larger Salesforce Tower, which serves as the tech giant’s headquarters. The company is retaining ownership of the building, as well as the right to reoccupy the space in the future, according to a company spokesperson.
The significant sublease of Salesforce space reflects the company’s shift to a hybrid remote workforce—like many other companies—in the wake of the coronavirus pandemic. However, the listing is symptomatic of an ongoing vacancy crisis in San Francisco that has reached over 22%, according to reports from real estate services firm JLL. The company owns or leases several buildings near the aptly-named Salesforce Transit Center, including the Boston Properties-owned Salesforce Tower (Transbay Tower) and the Kilroy Realty-owned Salesforce East. Salesforce rented approximately 60% of the space in Salesforce West before buying the building in 2014.
