Transportation firm Uber Technologies is looking for someone to take over five floors of its office space in Deep Ellum.
The almost 116,000-square-foot sublease in the Epic office tower on Pacific Avenue is just the latest case of companies looking to fill surplus office space during the pandemic.
Commercial property firm CBRE is marketing ride-hailing firm Uber offices on the eastern edge of downtown Dallas.
Uber opened its Dallas office in the Epic tower last year. At the same time, it announced it was taking an even bigger space in another office tower under construction next door.
Real estate information firm CoStar first reported that Uber is now seeking to sublease.
The five floors of office space in the building at 2550 Pacific Avenue are available through mid 2023, according to CBRE.
The Uber space for lease includes offices, conference facilities, training rooms and lounge areas on the ninth through 15th floors, according to CBRE’s marketing material.
The move to sublease its Deep Ellum offices is the second change Uber has made this year for its planned Dallas regional operation.
In the summer of 2019 the California-based transportation company said it would open a Dallas office with at least 3,000 workers.
The planned Deep Ellum operation was to have been Uber’s largest hub outside of its San Francisco headquarters.
In November Uber and developers KDC and Westdale Real Estate broke ground on a 23-story, 470,000-square-foot office tower to house thousands of Uber workers starting in late 2022.
The Epic office high-rise is still under construction.
But Uber earlier this year said that it was pausing hiring for the new Dallas operation because of the pandemic.
Uber received a two-year extension on Dallas economic incentives provided to support its planned office.
The Uber Deep Ellum office sublease is just the latest large block of surplus building space to hit the North Texas market since the COVID-19 pandemic.
Only about 40% of office workers are currently back in their buildings, recent studies show, with most employees still at home because of the pandemic.
Many office-based businesses have delayed expansion plans and slowed hiring during the pandemic.
Almost 4 million square feet of sublease office is currently up for grabs in North Texas.
Earlier this year, Liberty Mutual Insurance put almost a half million square feet of its new Legacy West campus in Plano up for sublease.
The Boston-based insurance company never occupied the seven floors of offices on the Dallas North Tollway.
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