Google, which in April postponed plans to start building this year an 80-acre Urban Village in downtown San Jose, dropped another big shoe this week: the company is listing for sublease 1.4M SF in Mountain View and Sunnyvale.

For any other company, an office footprint reduction of that size—along with 1,600 jobs the search giant has cut in the Bay Area since the beginning of the year—might signal a complete withdrawal from a regional market.

For Google, it represents a haircut of about 5%: the company's total footprint spans an estimated 27M SF of office and R&D space in Silicon Valley, including 2.5M SF along the Peninsula and 1.6M SF in San Francisco, according to the San Francisco Business Times.

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