Meta (and Google?) to sub-lease downtown buildings...

evan_aggie

Joined: Aug 12, 2011

Posts: 17,508

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9:32p, 11/3/22

AG

Meta is going to sublet the majority of 590,000 ft.

https://therealdeal.com/texas/2022/11/02/meta-backs-out-of-plan-to-occupy-589k-sf-in-austin/

Rumors about Google following suit...

https://www.reddit.com/r/Austin/comments/yl3gzc/meta_backs_out_of_plan_to_occupy_589k_sf_in/

Quote:
Friend of mine works in commercial real estate and was given a tour of the google building by a broker involved. Message from google was apparently no rush to complete the finish out / move in anytime soon (or ever), which I guess can be interpreted that it's being shopped around as a sublease. Crazy amount of space between those two buildings (close to a million square feet I guess).

bankshot11

Joined: Apr 15, 2009

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11:40a, 11/4/22

AG

Facebook is in rough shape so it probably wouldn't look good for them to be spending all this cash when they're laying people off. I'm sure they'll find some startups to take over the space or something.

rcannaday

Joined: Oct 21, 2011

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12:12p, 11/4/22

AG

Goldman Sachs is moving into austin as well: Goldman Sachs Scores Office Location in Downtown Austin

MouthBQ98

Joined: Aug 31, 2005

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12:40p, 11/7/22

AG

Austin needs to build their boondoggle me too multibillion dollar underground downtown train faster before all the tax dollars sources go bust?