Yahoo will sublease in downtown space once used by Macy’s
Yahoo, the once-dominant internet search company that has shrunk after a series of different owners, is opening a new, smaller downtown San Francisco office after its longtime lease expired last year.
The company signed a sublease for the 14th floor of 680 Folsom St. from work management tech firm Asana, which itself subleased the space from Macy’s, which once had its tech division in the South of Market building.
“Always long on the Bay,” Yahoo CEO Jim Lanzone wrote in a February post on X, formerly Twitter, announcing the office opening. Lanzone is a San Carlos native, former CEO of Oaklandbased Ask.com, and lists his location as San Francisco.
Between 2013 and 2023, Yahoo leased around 70,000 square feet in 901 Mission St., the headquarters of the Chronicle. It’s now subleasing 35,000 square feet, according to San Francisco Business Times, which first reported the lease.
Yahoo no longer operates web searches — its search engine is now powered by Microsoft’s Bing — but it continues to run popular media destinations like Yahoo Sports and Yahoo Finance. It was the third-most visited U.S. web property with over 242 million visitors in January, according to Comscore.
Yahoo is now headquartered in New York in what was originally the AOL headquarters. The two legacy tech firms merged under wireless giant Verizon’s ownership. Verizon sold Yahoo to Apollo Global Management for $5 billion in 2021.
Yahoo’s longtime former Sunnyvale headquarters was sold to Google in 2019.
The company laid off around 20% of its workforce, or over 1,600 employees, last year.