Elon Musk's X to Sublease San Francisco Headquarters
The move raises questions about the future of the company's presence in the city and reflects broader challenges in the local commercial real estate market.
- X plans to sublease its entire 800,000 square feet of office space at 1355 Market Street.
- The decision follows Musk's previous criticisms of San Francisco's socio-political environment.
- Real estate firm JLL confirmed it is marketing the space as a 'large headquarters opportunity.'
- The sublease could indicate a potential relocation of X's headquarters, possibly to Texas.
- The move adds to the growing office vacancy issue in downtown San Francisco.