Lyft to Sublease Offices as Remote Work Lowers Need for Space

Lyft Inc. said Tuesday that it will sublease a significant part of some of its biggest U.S. offices, becoming the latest company to shrink its real estate footprint to adjust to more employees working from home.

The ride-hailing company said it would rent out parts of its office space in San Francisco, New York City, Nashville and Seattle. Some 45% of the combined 615,000 square feet across those four locations will be leased to other businesses. Lyft plans to rent entire floors to others while maintaining separate entries for its own staff and operations.