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in Tech

Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens

by Editor October 21, 2023, 5:23 am 1.8k Views

Drew Houston, Dropbox Co-Founder and CEO.

Arun Nevader | CNBC

Dropbox said Friday that it’s agreed to return over one quarter of its San Francisco headquarters to the landlord as the commercial real estate market continues to soften following the Covid pandemic.

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, Dropbox said it agreed to surrender to its landlord 165,244 square feet of space and pay $79 million in termination fees. Under the amendment to its lease agreement,…

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