Glassdoor vacates SF headquarters, puts it on sublease market

Web-based recruiting company Glassdoor has listed the last section of its San Francisco headquarters for sublease as it transitions to a fully remote business model.

The 16th and 17th floors at 300 Mission Street will be available for sublease this month, the San Francisco Business Times reported, based on marketing materials for the site. The two floors account for half of the 117,000 square feet the company leased when it moved to 300 Mission from Mill Valley in 2019.

Brokerage CBRE, which holds the listing, did not respond to requests for comment from the Business Times. Paramount Group owns the building.

Glassdoor’s lease continues until November 2030. Terms of the lease were not disclosed.

Even without a physical presence, Glassdoor told the Business Times it “continues to maintain its headquarters in San Francisco and has a large number of employees in the Bay Area.”

At this point, Glassdoor has vacated all of its headquarters, following a plan announced earlier this year. In February, CEO Christian Sutherland-Wong told Fortune a remote format opened up more talent to the company and didn’t hurt productivity. He also said Glassdoor would close its offices in Chicago and San Francisco but would look for “bigger event spaces where we can bring people together for shorter periods of time.”

The company originally leased four floors at 300 Mission in 2019, but the pandemic upended its plans, so it put two floors on the sublease market and re-opened its headquarters on two floors in 2022. As for the sublease strategy, eBay took one floor in 2021 and Rakuten moved into the other floor earlier this year.

Downtown San Francisco’s office vacancy dipped slightly in the first quarter, but remains historically elevated at 36.3  percent, according to a Savills report.

— Joel Russell