Meta is moving to offload up to 2M SF of empty Bay Area office space, the company has disclosed in an SEC filing.
The social media giant, which owns and leases about 11M SF in the Bay Area, including its Menlo Park headquarters, said in its Jan. 30 filing it plans “to either sublease, early terminate, or abandon” 2M SF of the space that is unoccupied.
Meta characterized the downsizing of its Bay Area footprint as a “facilities consolidation restructuring.”
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