Twitter is renting out space of office area to save money.

Twitter is renting out more than 183,000 square feet of office space in its Mid-Market headquarters, the company confirmed Monday.
The flailing social media company has tapped San Francisco brokerage firm Cresa to market 183,642 square feet of “fully furnished” office space spread out between the two buildings Twitter occupies in Market Square: 1355 Market St. and One 10th St. Asking rent is listed as negotiable.
Twitter, which has for nearly a year struggled with stalled user growth and undershot investor expectations, has previously looked to subleasing as a way to cut costs.
Earlier this year, Twitter was considering renting out a partial floor of its Market Street headquarters to Affirm, a financial-tech company led by a PayPal co-founder. Affirm pulled out of that deal. Twitter has also sought a tenant to take over 24,000 square feet in its Manhattan office for the next two to three years, according to reports.
Valeant’s rosy forecast sends share price soaring
“We’re always looking at ways to use our office spaces more efficiently and effectively,” a Twitter spokeswoman said Monday. “We remain committed to our home in San Francisco’s Mid-Market area”.

Leave a Reply

Your email address will not be published. Required fields are marked *