LinkedIn Renews San Francisco Office Lease

LinkedIn is keeping its connection to its South of Market offices in San Francisco.

The professional networking service owned by Microsoft is renewing its lease for approximately 154,450 square feet across seven floors at 222 2nd Street, the San Francisco Business Times reported. Other terms of the renewal at the 26-story building were not disclosed.

The renewal comes on the heels of LinkedIn’s third round of staffing cuts since 2023; May’s reduction in force eliminated 60 employees at the San Francisco office amid Microsoft’s plans to lay off 6,000 employees company-wide.

LinkedIn looked to make 222 2nd Street its own from the moment construction was completed on the Tishman Speyer-owned building over a decade ago. In 2014, LinkedIn pre-leased the 450,000-square-foot building.

In recent years, it’s been subleasing parts of that space out. Last year, it subleased the 17th through 20th floors to Silicon Valley Bank. Meanwhile, software company Demandbase and Early Warning Services, which owns Zelle, are subleasing the 24th and 25th floors, respectively. The 21st, 22nd and 23rd floors are being marketed for sublease.

Linkedin and Tishman Speyer have reportedly been in talks for months about LinkedIn’s future at the building, according to the Business Times. The social network’s space in the building is spread across four separate leases; the latest seven-floor renewal was for the lease expiring the soonest in December.

The Microsoft-held brand also leases 148,664 square feet on the ninth through 15th floors, with that lease set to expire in December 2026. Another lease for 70,883 square feet from floors 16 through 20 is up in June 2027, and an agreement for 76,212 square feet from floors 21 through 26 expires at the end of that year.

A $291.5 million loan backed by the 222 2nd Street building requires Tishman Speyer to ink renewals with LinkedIn 17 months before any of its leases expire.

— Chris Malone Méndez