Skip to content

Block to Give Up San Francisco Office in Blow to City’s Revival

The payment-processing company is shifting to a model allowing most workers to be remote. 

1455 Market St. in San Francisco.

1455 Market St. in San Francisco.

Photographer: David Paul Morris/Bloomberg

Block Inc., the payments-processing company formerly known as Square, plans to give up its former San Francisco headquarters as it transitions to a more distributed workforce model, dealing another blow to a city struggling to bring back workers after the pandemic.

The Jack Dorsey-run company won’t renew its lease at 1455 Market St. when it expires in September of next year, according to a spokesperson. Block had about 470,000 square feet (44,000 square meters) at the building, in the heart of the Mid-Market district that has been home to several large tech companies.