Google Will Exit Prominent San Francisco Waterfront Office Tower

Google announced on Tuesday that it will be exiting One Market Plaza, a prominent office complex in San Francisco that it had been occupying since 2018. The company's lease for the 300,000-square-foot-office will expire next April. The San Francisco Chronicle reports: Many of Google's employees are already working outside of the giant waterfront office, in light of the company's flexible approach to office attendance. As one of the city's largest office properties and a prominent feature on its skyline, the 1.6-million-square-foot One Market Plaza complex features two high-rise towers and a 11-story office annex building known as the Landmark." Ryan Lamont, a spokesperson for Google, said the company will be moving out of One Market's Spear Tower, but will continue to occupy the smaller Landmark building. He declined to comment on how long Google plans to remain in the latter." As we've said before, we're focused on investing in real estate efficiently to meet the current and future needs of our hybrid workforce," Lamont said in an email to the Chronicle. "We remain committed to our long-term presence in San Francisco." Real estate market participants who spoke with the Chronicle indicated that Google plans to consolidate much of its operations from One Market to nearby 345 Spear St., where the company leases about 400,000 square feet. These individuals said that Google will likely renew its lease at that property once it expires next year.

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