Kilroy Brings on Tubi for New Headquarters in San Francisco

Tubi, the ad-supported streaming service owned by Fox Corporation, is moving its San Francisco headquarters.

The free streamer announced today it signed a lease for one floor at the Kilroy Realty-owned 201 3rd Street in South of Market, the San Francisco Business Times reported. The company will occupy about 31,000 square feet at the property.

Come fall, Tubi’s 140 Bay Area-based employees will move to the Kilroy building from its similarly sized headquarters across three floors at 315 Montgomery Street in the Financial District. Tubi has been based in those offices since 2017.

“We had one primary requirement: a single floor,” Natasha Valani, chief people officer at Tubi, told The San Francisco Standard of the new lease. “When you bring talented people together in one space, you increase the velocity of collaboration and connection.”

The company simultaneously announced the launch of its Tubi Builders Program, an 18-month bootcamp “designed to develop the next generation of product and engineering leaders.” The program’s inaugural run with a 20-person cohort will coincide with the opening of its new headquarters.

The 337,000-square-foot 201 3rd Street building welcomed other new tenants onto its floors earlier this year. In March, data analytics company Amplitude recommitted to its nearly 60,000-square-foot lease until 2029. Last quarter, legal artificial intelligence startup Harvey signed a lease for 92,000 square feet at the building.

Those companies fill a void left by Capital One, which departed the 120,000 square feet it occupied in the building at the end of last year. That loss dragged down the building’s occupancy from 68.2 percent in the third quarter of last year to 25.5 percent by the end of the year, according to the Business Times. As of the second quarter this year, the 12-story building was 52.9 percent leased, per Kilroy.

— Chris Malone Méndez