Zynga is subleasing its downtown San Francisco headquarters

More downtown office space to be on the rental market soon.

Game-maker Zynga is exiting its San Francisco headquarters amid a company shift to a hybrid workplace model, as first reported by the San Francisco Business Times. The company leased approximately 185,000 square feet of the SoMa building at 650 Townsend.

Zynga has 532 employees in the Bay Area, according to LinkedIn. A Zynga spokesman told SFGATE that in June 2021, only 18.5% of Zynga employees were based in San Francisco.

“In 2022, we moved to a connected workplace model where the majority of Zynga employees work in an office on average two to three days per week, others will remain completely remote and a small percentage working full-time place, “a Zynga spokesman told SFGATE via email. “With fewer full-time employees in a Zynga physical office, our current real estate footprint is more space than we need.”

With the company’s lease expiring in July 2031, the flow of office space will not be cheap. Chief Financial Officer Gerard Griffin said in a salary call last week that the company is facing a $ 82 million charge due to “the handicap of our existing lease and related lease improvements.”

Beacon Capital Partners owns the building and also rents space at the address Airbnb. The vacation rental company announced in May it also plans to lease its 287,000 square feet of space.

Zynga continues its San Francisco presence in the offices of Chartboost and Echtra, the company it acquired this year. The company also said it will continue to rent office space in San Mateo.

Zynga’s spokesman said the decision to lease its San Francisco office space will not affect the hiring decision in the future.

This is just the latest Bay Area tech company to announce it is abandoning a large office footprint. Salesforce, Twitter and Pinterest all made similar moves.

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