Amgen Shedding 365,000 SF of Space in South San Francisco

In response to a reduction in forecasted revenues, Amgen is offering for sublease 365,000 Square Feet of R&D and Office Space in South San Francisco. The space is spread across three properties, one of which is in shell condition. The other two spaces are currently under construction and will be available sometime in 2008.

While most of the stories we read and hear about now involve bullish leasing activity, the reality is that there still are opportunities out there to sublease space from companies downsizing and reorganizing and tenant’s should not lose sight of this reality.

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• Google Puts An Additional 128,000 Square Feet Up For Sublease In Mountain View
• Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round
• Harmonic in the Market for 150-200K Square Feet in Sunnyvale

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