Meta, Microsoft vacating offices in Seattle amid remote work, layoffs

As office rentals drop significantly in the city of San Francisco amid remote work and massive layoffs, Meta (formerly Facebook) and Microsoft are now vacating office buildings in Seattle and Bellevue in Washington State.

The Seattle Times reported that Meta is reviewing “leases for Seattle-area office buildings.”

Facebook has confirmed plans to sublease its offices in downtown Seattle and in the Spring District in Bellevue.

Microsoft also confirmed that it won’t renew its lease at the 26-story City Center Plaza in Bellevue when that lease ends in June 2024, the report mentioned.

The ongoing work-from-home and layoffs have cut into demand for office space in Seattle and other tech cities in the US.