Meta to drastically reduce San Francisco office space

Wow, this is a huge amount of space, and is going to make the SF office vacancy problem even worse. The city needs to do something drastic, ASAP, to somehow get spaces occupied. Whether it's converting whatever units may be feasible to residential units (likely not many), or making them into low-cost artist lofts of whatever. If the city government doesn't do anything, it's going to create a vicious spiral for huge chunks of SOMA and FiDi.

“Our aim is to build a best-in-class remote work experience to help everyone do the best work of their careers no matter where they are," the statement said.”

Good on you, Meta.

I think this is the Instagram office? At least that's what I assumed from their previous open roles a few years ago.

Damn. Another one bites the dust. Downtown is going to collapse at this rate. No point in paying for a high priced condo with a $1k HOA fee if you have to work out of your bedroom/​living room everyday in your 500 sqft apartment. Honestly, I don't know why many young people would want to live in SF over NY at this point if every company is WFH.

Don’t worry, they’ve counterbalancing this by opening a 1 billion square foot facility in the Metaverse.