It’s not only the tech giants that are shedding Bay Area office space.

The State Bar of California plans to sell its 250,000-square-foot San Francisco headquarters at 180 Howard St. as the organization transitions to a hybrid work model, as first reported by the San Francisco Business Times

Employees will be able to work from home three days a week, according to a spokesperson, and the agency will seek space elsewhere in the Bay Area. 

The arm of the California Supreme Court that licenses and regulates attorneys purchased the 13-story building in 1995 for $22.5 million, but no sale price has yet been released. 


While the news is important when thinking about the future of San Francisco office space, the agency had reportedly been considering selling the building since 2014 and the pandemic sped up its plans. Office occupancy is currently just 35.5% of 2019 levels, data from real estate services firm JLL shared with the Business Times showed.

The organization also told the Business Times they struggled to lease out floors within the building and there were maintenance expenses it wouldn’t be able to handle due to the “way the agency is funded,” spokesperson Teresa Ruano said. 

The State Bar did not return SFGATE’s request for comment.



Source link

By admin

Leave a Reply

Your email address will not be published.