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Lyft, Stripe in Talks on Dropbox’s SF Office Space

Fast-growing startups Lyft and Stripe are in negotiations with real estate brokers and property managers to sublease Dropbox’s soon-to-be-obsolete headquarters in San Francisco’s Mission Bay neighborhood, according to multiple people close to the deals.

Dropbox is moving to bigger space—295,000 square feet across two new buildings—later this year. The potential subleases would take about 210,000 square feet of space off Dropbox’s hands and cut about $12 million a year in lease payments from the company’s books. In contrast, its new space will likely cost about $24 million a year through 2027, people in the real estate industry estimate.

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The space Dropbox is looking to sublease is highly coveted in San Francisco, where available commercial real estate is both very limited and expensive