Reddit is the latest tech company to leave S.F.’s Mid-Market. Here’s where its HQ is going

Moving less than 2 miles away to Soma: 303 2nd street.

For those with an overpriced, nearby rental, aka “Rincon Hill” / “East Cut”

If you're one of the few companies looking to sub-lease a moderate amount of space, I can't even imagine the abundance of deals you're able to get right now. And especially if you're happy with Class B space in a peripheral location, like this one.

Anyone know what terms generally look like in SoMa/​FiDi?

That was fast. They relocated from 420 Taylor street less than 2 or 3 years ago.

Ah my company was on Market between 6th and 7th back in 2014. I loved it. Great food nearby, easy transportation. Great memories there.

Uber, Block, and Reddit all left that building. Wonder who’s left?

Any company signing a lease right now is paying 40% of 2019 cost per square foot. My commercial broker emails me with options. It’s amazing how bad it is for them right now. He told me his whole office brings bag lunches everyday.

from 78000 sq ft at 1455 market to 47000 sq ft for the new one at 303 2nd. how many people go into work at reddit most days?

Word on the street, the street being hearsay from coworkers who all work in one of the companies in that building, is that the leasing company wasn’t willing to cut back much on the rent. So as far as I know, that’s just going to leave the SFMTA and the Army Corps of Engineers here.