Docusign Reclaims Headquarters Office Space in San Francisco

Electronic document signature company Docusign is preparing to sign a notable deal of its own.

Docusign is in talks to lease an additional two floors at its 221 Main Street headquarters in San Francisco, the San Francisco Business Times reported. It would give Docusign about 50,000 square feet of additional office space on top of its existing 93,000-square-foot headquarters at the building.

The company is also planning to extend its original lease at the building. Its existing lease expires July 31, 2029, according to the Business Times. The deal has reportedly been in the works for months, though it has not yet been finalized.

With the new expansion, Docusign will bring its headquarters footprint closer to its pre-pandemic square footage. In the 2021 fiscal year, the firm grew its headquarters from approximately 150,000 square feet to 211,000 square feet. But the following year, it shrunk back down to 150,000 square feet. It renewed its lease at 221 Main Street in the 2023 fiscal year, albeit in a smaller footprint at 93,000 square feet.

The 221 Main Street building is owned by PIMCO Prime Real Estate and managed by subsidiary Columbia Property Trust. Last month, news surfaced that fintech company Affirm was approaching a deal to move its headquarters into 47,000 square feet across two floors at the approximately 389,000-square-foot building. Late last year, math-focused private school Proof School inked a deal for 35,000 square feet on the building’s first and second floors.

As of January of this year, Docusign has 850 employees in San Francisco and 6,838 workers overall, according to the Business Times. By that metric, the company is the 19th-largest tech employer in the city.

Docusign is currently hiring for several dozen positions with a hybrid work model, according to the Business Times. As companies across the Bay Area implement a post-pandemic return to the office, Docusign is among the firms that are having to grow their offices once again to accommodate more workers. Okta, for example, recently took back two floors at its 100 First Street headquarters that it previously looked to sublease to another tenant.

— Chris Malone Méndez