- Google is marketing 413K SF of office space at its Pacific Shores Center in Redwood City, listing three buildings at 1500, 1700, and 1800 Seaport Boulevard.
- The move is part of a broader office downsizing strategy, with the company aiming to cut $640M in real estate costs.
- The Peninsula office market remains challenged, but brokers see potential demand from expanding AI companies.
Google’s Office Pullback Continues
In another sign of shifting office needs among major tech firms, Google has listed three of its buildings at Pacific Shores Center in Redwood City for lease, totaling nearly 413K SF, as reported by The Real Deal.
The space spans across 1500, 1700, and 1800 Seaport Boulevard, according to the San Francisco Business Times.
The decision follows Google’s wider effort to reduce its real estate footprint, particularly after the pandemic accelerated the shift to remote and hybrid work models. CBRE is handling the leasing efforts, though terms have not been disclosed.
The Breakdown
Google originally acquired the majority of the 106-acre waterfront campus in 2014. It occupied six buildings totaling nearly 934K SF. Now, the company is offering the following spaces for lease:
- 1500 Seaport Blvd: 174K SF
- 1700 Seaport Blvd: 128K SF
- 1800 Seaport Blvd: 119K SF
The 23-year-old campus overlooks bay wetlands and sits just north of the Port of Redwood City.
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Market Pressure and AI Opportunity
The Peninsula’s office market has been under strain. In March, the Class A vacancy rate hit 18.4%, with 1.1M SF of net negative absorption, according to Colliers.
But some brokers and city officials see a potential silver lining. With AI startups on the rise, properties like Pacific Shores could become attractive again—particularly if larger buildings are subdivided to accommodate smaller, fast-growing firms.
Redwood City’s Economic Development Manager, Amanda Anthony, said the city is in discussions with local brokers about ways to better support AI companies seeking space. “Redwood City has been a hub of innovation,” she noted, pointing to established tech presences like Oracle and Electronic Arts.
Why It Matters
Google’s leasing move is another chapter in the broader realignment of Silicon Valley’s commercial real estate market.
As major tech firms shed space, landlords and cities alike are pivoting to attract the next wave of innovation—especially in AI, which may be key to revitalizing high-end office campuses like Pacific Shores.
