According to Colliers, Meta exercised its opt-out clause earlier this year and vacated the 218K SF building at 401 San Antonio in the second quarter, and then left its larger twin in the third quarter.

Brookfield acquired the office campus, an adjacent movie theater and a standalone parking garage from Merlone Geier in March 2021 for $360M. The properties are part of the Village at San Antonio Center, a mixed-use development including a multifamily campus and a Safeway supermarket.

Despite the vacancy created by Meta, Silicon Valley remained resilient despite rising interest rates, recording its fifth consecutive quarter of expansion across all products, Colliers said, in the Q3 report.

In September, 8×8, the cloud communications company, put its 178,000-square-foot Silicon Valley headquarters on the sublease market.

The tech company is seeking one or more subtenants for the space it currently occupies as the single tenant of the five-story building at 675 Creekside Way in the San Jose suburb of Campbell.

The building is owned by NY-based JOSS Realty and Australian private equity firm Qualitas, which acquired it in March 2020 — a year after it opened — for $139 million. JLL is marketing the sublease.

According to marketing materials for the sublease offer, the building is available through Dec. 31, 2030—which is when 8×8's lease expires—and divisible by floors, with asking rents negotiable.

The sublease offer for 675 Creekside is the second listing for a substantial office space in the San Jose market in the past two months. In August, Netflix listed a 165,000-square-foot office campus in nearby Los Gatos.