Design software giant Adobe is dumping a major portion of its San Francisco office space on the sublease market.
According to a brochure from real estate firm Colliers marketing the property, the San Jose-based company is offering some 155,000 square feet across three floors of the South Building at 100 Hooper St., which sits in the Showplace Square neighborhood.
Financial filings from owner Kilroy Realty show the 417,00-square-foot office complex is 95.5% occupied.
The space, which is being offered separately or as whole, is available through August 2031. The fully furnished space includes familiar tech office amenities like a private wellness center and gym, a game room and what the brochure terms a “tech café.”
The San Francisco Business Times initially reported the sublease.
“As part of our routine business prioritization, we regularly assess the use of our offices to balance business needs with the ways in which employees are using our spaces to support our strategy of building vibrant hubs that foster innovation, collaboration and culture,” the company said in a statement.
Adobe was the announced anchor tenant for the property when Kilroy Realty broke ground on the $270 million development in 2016. The roughly 200,000 square feet of space occupied by Adobe was intended to accommodate 1,500 employees and workers started to move into the offices in 2018.
Adobe also owns and will continue to occupy a nearby 200,000-square-foot building at 601 Townsend St., which held around 1,000 workers at its peak.
Adobe has been reshuffling its real estate footprint, opening up a 1.25-million-square-foot office in San Jose earlier this year intended to accommodate 3,000 employees. The company adopted a permanent hybrid work policy during the pandemic.
Showplace Square, which previously held the bulk of the city’s furniture showrooms, became a hub for the tech industry during boom times. Among the major companies that opened offices in the area were Airbnb, Zynga and Salesforce.
By and large, these companies have vacated much of this space amid the larger shift to hybrid work structures. Zynga vacated its space at 650 Townsend St.—which still features the company’s dog logo—and moved its headquarters to San Mateo.
Airbnb massively downsized its multi-building campus in the neighborhood into a single headquarters property at 888 Brannan St.
More recently, the neighborhood has become in vogue for AI companies, with leases signed by startups like Tome AI and Adept AI. The Showplace Square-Potrero Hill submarket has an overall vacancy rate of 30.9%, according to real estate firm CBRE, which is slightly higher than the city as a whole.