Vehicle Fleet Management Company to Take Part of Twitter's Former Space on Mid-Market

"Motive, a startup founded in 2013 that has been subleasing space from Yelp in SoMa, has inked a deal to sublease 40,000 square feet of the former Twitter HQ at 1355 Market, as the SF Business Times reports. The company will be moving in in phases, beginning with 25,000 square feet. This still represents less than 10% of the former 460,000-square-foot Twitter offices, which occupied just over half of the total square footage of the former wholesale furniture showroom complex and included part of an adjacent building, One 10th Street, that is connected via skyway to the rear of 1355 Market."

"Xitter continues to hold the lease on the massive property, after Musk made the seemingly politically motivated move to relocate the company, mostly in name only, to Austin, Texas. It's not clear how many employees of the company are actually in Austin, while we know that a number of X employees continue to work remotely here in SF, or out of offices on the Peninsula."

"Musk allegedly tried at the outset, following his acquisition of Twitter three years ago, to forgo paying rent at 1355 Market Street, as he went about gutting the company's employee rolls. That resulted in a lawsuit from landlord Shorenstein Properties, which was settled for an undisclosed sum possibly around $3.6 million in March 2024. The vacating of the building took place just about 18 months after Musk had undertaken some reportedly unpermitted and unsanctioned buildouts in the space,"

Motive, a vehicle fleet-management software startup founded in 2013, has signed to sublease 40,000 square feet of the former Twitter headquarters at 1355 Market in San Francisco, moving in phases beginning with 25,000 square feet. The former Twitter offices comprised roughly 460,000 square feet, so the sublease covers under 10% of that space. X (formerly Twitter) continues to hold the master lease after relocating nominally to Austin, Texas. The building has been vacant about a year. A landlord lawsuit over unpaid rent settled for an undisclosed sum in March 2024. Earlier buildouts in the space were reportedly unpermitted.

Read at sfist.com