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On the Market? Musk Purchase Draws Attention to Twitter’s Largest Office Spaces

Here Are Five of the Social Media Giant’s Biggest Workspaces Across the United States
Twitter's San Francisco headquarters represents the largest office the social media company has in its national real estate portfolio. (CoStar)
Twitter's San Francisco headquarters represents the largest office the social media company has in its national real estate portfolio. (CoStar)
CoStar News
October 28, 2022 | 9:26 P.M.

Within hours of billionaire Elon Musk finalizing his $44 billion purchase of Twitter, media reports swirled about him firing three of the social media platform's top executives as he began to assert control and reduce costs. The question now is what may be in store for Twitter's vast office portfolio, which includes more than 15 workspaces across the country.

As one of the earliest adopters of remote work, San Francisco-based Twitter was already trying to sublease expensive office space in its home city and elsewhere as it adapted to an employee base that rarely ventured into the office.

It has spent the past year trying to offload a lease it signed in September 2021 for its first office in Oakland, California, and one of its locations in Boulder, Colorado, hit the sublease market in May as Twitter became more aggressive in its efforts to adapt to the uncertain economy and curb expenses. And the company could look to Austin, Texas, where Musk has facilities for some of his other businesses.

Here are some of Twitter's largest offices that could figure in his next moves, based on CoStar data. A company spokesperson declined to comment on any impending real estate moves.

San Francisco Headquarters

Twitter leases about 705,000 square feet across three San Francisco office buildings, including its headquarters at 1301 Market St. (CoStar)

1301 Market St.
Size: More than 457,700 square feet
Lease Signed: Twitter signed its original 214,950-square-foot lease in April 2011.
Submarket Vacancy: Roughly 13%

New York City

Twitter signed a lease for most of the office building at 245 West 17th St. in early 2014. (CoStar)

245 West 17th St.
Size: Roughly 147,880 square feet
Lease Signed: The company signed its first lease in the Manhattan office building in June 2014.
Submarket Vacancy: About 13.5%

Oakland, California

Twitter was set to open its first East Bay office in the Oakland, California, tower at 1330 Broadway before putting the space up for sublease. (CoStar)

1330 Broadway
Size: 66,000 square feet
Lease Signed: September 2021
Submarket Vacancy: About 18.7%

Boulder, Colorado

Twitter moved into its space at the S'park Railyards building in Boulder, Colorado, in April 2021. (CoStar)

3390 Valmont Road
Size: 64,000 square feet
Lease Signed: March 2020
Submarket Vacancy: About 13.1%

Seattle

Twitter has expanded multiple times in the Century Square tower, foreground, in Seattle. (CoStar)

1501 Fourth Ave.
Size: More than 42,000 square feet
Lease Signed: Twitter signed its original 15,154-square-foot lease in November 2013
Submarket Vacancy: About 19.6%

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