Office furniture seller take note: Facebook’s leasing momentum doesn’t appear to be slowing down this year, with another entire campus lease in the works in the San Francisco Peninsula. The tech company's leases so far this year have totaled over 3.7M SF, and it now has well over 6M SF in leased or owned property in the Bay Area.
Earlier this year, Facebook broke records by leasing the largest amount of office space in San Francisco’s history. It also is expanding its Menlo Park campus and has plans to build a mixed-use office and housing campus.
Facebook is in talks to lease the entire Burlingame Point, which could potentially house its Oculus division, which focuses on virtual and augmented reality, the San Francisco Business Times reports. The campus is ideally located between Facebook’s Menlo Park campus and San Francisco, where it has a growing presence. If the deal is finalized, the tech giant is expected to occupy this space in 2020.