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Yelp’s San Francisco headquarters up for lease

Editor’s note: For the sake of clarity, this article has been updated to include an explanation from Yelp.

As tech companies keep re-evaluating their businesses in the face of the ongoing pandemic, Yelp is the newest company to turn.

Yelp’s San Francisco headquarters at 140 New Montgomery St. is available for rent, the San Francisco Business Times reported on Wednesday. Yelp, located on floors 2-14 of the historic 1925 building, is available for rent from CRBE along with more than four other retail stores.

According to the San Francisco Business Times, a Yelp spokesperson confirmed the company would reduce its real estate presence but would stay in San Francisco.

“As more employees work remotely, we are reducing some of our presence in San Francisco, but we will continue to have our headquarters there,” said the spokesman for the San Francisco Business Times.

SFGATE reached out to Yelp for comment and was told that the company plans to stay in San Francisco but has not commented on whether it will operate within 140 New Montgomery or any other office in New Montgomery City would move.

“We plan to continue our presence in the locations where we currently have offices, including our headquarters in San Francisco,” a Yelp spokesperson said via email. “Once it is safe to return to our offices, we plan to continue working with a significant portion of our team on a full-time basis or part of the week remotely. This will allow us to reduce and expand our real estate footprint.” our presence in lower cost markets in the US, Canada and Europe. “

The online review platform was relocated to New Montgomery St. in 2012. According to builtinsf.com, the building was Yelp’s third headquarters in San Francisco.

The news comes after numerous tech companies packed their bags and moved out of the state. Just last month, Digital Realty, a large technology company that helps companies with data center and connectivity strategies, announced it was moving to Austin.

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