Real Estate

San Francisco tech companies sitting on record amounts of empty space

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Marc Benioff, chairman and chief executive officer of Salesforce.com Inc., stands in front of a poster during a topping off ceremony for the Salesforce Tower in San Francisco, California, on Thursday, April 6, 2017.

Michael Short | Bloomberg | Getty Images

Cloudera exited its downtown San Francisco office early last year with plans to sublease the space and move its employees south to the software company’s Silicon Valley headquarters.

But the pandemic left the company with nobody to take over the office, forcing it to take a substantial real estate write-down.

At DoorDash’s nearby former headquarters, a tenant defaulted on rent a month into lockdown, resulting in lost income for the food…



Source cnbc.com

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