Turo Signs Lease for New San Francisco Office Space
The company is expanding to a 30,000-square-foot location in Union Square as part of a broader local revitalization effort.
Updated on Oct. 29, 2026 in Commercial
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Turo has secured a lease for 30,000 square feet of office space at 100 Stockton Street in San Francisco. The peer-to-peer car sharing company will relocate from its current 26,000-square-foot office at 111 Sutter Street by the end of 2026.
Why it matters
The relocation reflects Turo's business growth following a 17% increase in revenue during the second quarter. This move also contributes to a city-wide initiative to revitalize the Union Square neighborhood through new corporate and retail investment.
Turo is expanding into 30,000 square feet at 100 Stockton Street, a building renovated for $80 million that also features 180,000 square feet of retail space. The company expects to reach $1.2 billion in total revenue this year.
The players
Turo
A peer-to-peer car-sharing platform that connects local vehicle owners with renters.
Blatteis & Schnur
A commercial real estate investment firm that specializes in the acquisition and redevelopment of urban retail properties.
Morgan Stanley
A global financial services institution that holds a significant portfolio of commercial real estate and corporate equity investments.
The details
Turo will occupy the entire seventh floor of 100 Stockton Street, a building that formerly housed a Macy's men's store. Owners Blatteis & Schnur and Morgan Stanley retrofitted the 1970s-era structure to incorporate modern office space alongside street-level retail. This shift allows the company to consolidate its operations into a larger footprint as its global booking value approaches a projected $3.3 billion for the year.
Timeline
Turo reported 19% growth in booked days during Q2 2026.
The current lease at 111 Sutter Street expires at the end of 2026.
The Home Front
This move represents a shift toward redeveloping underutilized downtown department store sites into mixed-use assets. It follows a broader pattern of commercial real estate renovation aimed at increasing density in San Francisco's core retail districts.
For residents, this development highlights the shifting landscape of Union Square, which may impact commute patterns and local foot traffic in the coming year. Stay informed on regional office trends if you follow neighborhood property values or local urban planning updates.
The takeaway
Turo is moving to a larger headquarters at 100 Stockton Street to accommodate continued business growth by the end of 2026. Residents interested in neighborhood development can track the progress of the Union Square revitalization to see how new corporate anchors influence local amenities.
Further reading
Learn more about the evolving landscape of local business development in our San Francisco Commercial section.
Source note: This article includes information reported by San Francisco Chronicle.
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