Motive Subleases 40,000 Square Feet Office Space At 1355 Market Street From X Corp

The office asset involved in this transaction is located at 1355 Market Street in San Francisco. This property is a former headquarters of X Corp. The transaction involves Motive, which has successfully subleased 40,000 square feet of this office space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1355 Market Street
• Market: San Francisco
• Landlord: Elon Musk - X Corp.
• Tenant: Shoaib Makani - Motive
• Brokers: Mike Sample, Brittan Hawken, David Churton & Carlye Parker - JLL

JLL represented X Corp. in this leasing deal. This transaction marks Motive as the first tenant to occupy space in the 460,000-square-foot headquarters after the landlord's previous occupancy. The current market for Mid-Market office space shows a notable vacancy rate of 45.7%.