eBay Subleases 300 Mission
- eBay listed roughly 30,000 square feet at 300 Mission Street as a sublease after relocating about 198 workers to San Jose. - Social reporting identified the 30K-square-foot vacancy tied to the company's San Jose HQ consolidation. - The tenancy change highlights ongoing downtown-to-suburban shifts and adds near-term sublease supply to San Francisco's core office market. (x.com)
eBay is putting about 30,000 square feet at 300 Mission Street on the sublease market as it shuts its San Francisco office and shifts staff to San Jose. (theregistrysf.com) The company told California officials in a Worker Adjustment and Retraining Notification filing dated April 10 that operations at 300 Mission will end on September 30, 2026. The filing said 198 employees at the site are expected to be reassigned to eBay’s headquarters at 2025 Hamilton Avenue in San Jose, not laid off. (edd.ca.gov) (finance.yahoo.com) Workers tied to the move include software engineers, applied researchers, directors and financial analysts, according to reports based on the state notice. San Francisco Business Times reported eBay declined to renew its lease at 300 Mission. (finance.yahoo.com) (bizjournals.com) The address sits in San Francisco’s South Financial District, a part of downtown still carrying a large office overhang even as leasing picks up. CBRE said the citywide office vacancy rate was 30.4% at the end of the first quarter, while Avison Young said total leasing hit 3.82 million square feet, the strongest quarter since 2018. (cbre.com) (avisonyoung.us) That split market has defined downtown this year: large artificial intelligence tenants have absorbed big blocks of premier space, while older occupiers keep trimming or consolidating. A new 30,000-square-foot sublease at 300 Mission adds near-term inventory to that second bucket. (avisonyoung.us) (therealdeal.com) The building itself is a 23-story office tower owned by Paramount Group. Property listings describe 300 Mission as a roughly 304,575-square-foot building with floor plates of about 29,000 square feet, which means eBay’s vacancy appears to be about one full floor. (pgre.com) (propertyshark.com) (loopnet.com) The move also follows eBay’s broader restructuring this year. The Real Deal reported the company cut about 800 jobs, or 6% of its workforce, in February, including 28 positions at 300 Mission and 243 in San Jose, while saying the office closure is a separate relocation tied to the lease expiration. (therealdeal.com) For 300 Mission, the next question is not whether eBay is leaving but who takes the floor after September 30. For downtown San Francisco, it is another example of a company keeping Bay Area jobs while moving them south of the city core. (theregistrysf.com) (therealdeal.com)
