Twitter to sublease out 30% of San Francisco headquarters

SAN FRANCISCO — Unprofitable and struggling Twitter is looking to sublease out a total of 183,642 square feet of space in its San Francisco offices, according to a seven-page marketing prospectus posted online.

Furnished office space on four separate floors of the company's headquarters located in two buildings at the corner of 10th and Market Street is available now, the prospectus shows. The price is listed as "negotiable."

It includes 1,400 work stations, 120 conference rooms, five kitchens, three "mother's rooms" for nursing and one coffee bar.

Twitter currently occupies more than 600,000 square feet in the two buildings, according to the San Francisco Chronicle. That would mean the company was giving up approximately 30% of its office space.

The subleasing offer was first reported by the San Francisco Business Times. Earlier this year Twitter subleased one of its floors, after it cut 8% of its workforce, the paper reported.

Twitter said in a statement that it was always looking at ways to use its office space more efficiently and effectively and remains  committed to its home in the mid-Market area.

With the tech boom putting office space at a premium in San Francisco, especially in downtown area, the offices are expected to be quickly snapped up.

Despite its place in popular culture, Twitter has long struggled to gain users and make money. Last week the company announced second-quarter losses of $107.2 million, or 15 cents a share,  share. Analysts had hoped for earnings of 9 cents a share.

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Twitter moved into the Market street building in 2012, part of a much heralded rebirth of a long-blighted portion of San Francisco's downtown corridor along Market Street. Since the social networking company arrived, other companies have also entered the area, followed by high-end restaurants and food stores.

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The city offered a payroll-tax break for companies in the area in 2011, which helped lure companies to the area.

The space, actually two art-deco buildings from 1937, was refurbished by the company.

Contributing: Jessica Guynn, San Francisco