(CNBC) Dropbox made splashy headlines in 2017 when the software company signed the biggest office lease ever in San Francisco, securing 736,000 square feet over 15 years in the city’s Mission Bay neighborhood. The combination of a global pandemic in 2020, which led to a boom in remote work, followed by a downturn in the tech market last year has turned that massive space into a financial albatross.
Dropbox hit with $175 million real estate loss for 2022 as San Francisco office space sits empty
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