{"id":83935,"date":"2023-02-17T01:57:59","date_gmt":"2023-02-17T06:57:59","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83935"},"modified":"2023-02-17T02:02:18","modified_gmt":"2023-02-17T07:02:18","slug":"dropbox-hit-with-175-million-real-estate-loss-for-2022-as-san-francisco-office-space-sits-empty","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/dropbox-hit-with-175-million-real-estate-loss-for-2022-as-san-francisco-office-space-sits-empty.html","title":{"rendered":"Dropbox hit with $175 million real estate loss for 2022 as San Francisco office space sits empty"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/DBX\/\">Dropbox<\/a> made splashy headlines in 2017 when the software company signed the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.bizjournals.com\/sanfrancisco\/news\/2017\/10\/10\/dropbox-kilroy-sf-largest-office-lease-krc.html\" target=\"_blank\">biggest office lease<\/a> ever in San Francisco, securing 736,000 square feet over 15 years in the city\u2019s 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.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/16\/dropbox-has-175-million-real-estate-loss-in-2022-for-san-francisco.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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\u2019s Mission Bay neighborhood. The combination of a global pandemic in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83935","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83935"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83935\/revisions"}],"predecessor-version":[{"id":83936,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83935\/revisions\/83936"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}