Lyft to Sublease Offices as Remote Work Lowers Need for Space

Lyft Inc. mentioned Tuesday that it’s going to sublease a big a part of a few of its largest U.S. places of work, turning into the most recent firm to shrink its actual property footprint to regulate to extra workers working from dwelling.

The ride-hailing firm mentioned it could lease out elements of its workplace house in San Francisco, New York Metropolis, Nashville and Seattle. Some 45% of the mixed 615,000 sq. toes throughout these 4 areas will probably be leased to different companies. Lyft plans to lease whole flooring to others whereas sustaining separate entries for its personal employees and operations.