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Pinterest pays $89.5 million to terminate San Francisco office lease

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The central corporate office in the heart of the city suddenly is not as important as it once was.

(From SFGate.com)

Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease. The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest’s existing San Francisco headquarters. The company cited a shift to work-from-home due to the coronavirus pandemic in its decision.

The current urban implosion – beyond just Covid – is also likely a factor in this decision.

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Source: https://www.ac2news.com/2020/09/pinterest-pays-89-5-million-to-terminate-san-francisco-office-lease/


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