April 15, 2016
For more news on office transactions and SF’s changing market, attend Connect San Francisco on May 12 at the Hibernia Bank.
Fitbit is reportedly taking more than 300,000 square feet of Charles Schwab sublease space at 215 Fremont St. in San Francisco. Based on property marketing materials, Schwab is vacating in phases, which means the wearable health device company likely will not take the entire sublease space at once.
Fitbit leased 164,000 square feet last year at 199 Fremont St. When combined with its 90,000 square feet HQ space at 405 Howard St., the company would occupy more than 550,000 square feet of space in the area, essentially creating an urban campus for its 900-plus employees.
Avison Young’s Nick Slonek, John Cashin and David Linsmayer represent Schwab for the sublease space. Savills Studley’s John Brady and Cresa’s Jamie Saunders represents Fitbit. All declined to comment on any pending deal.