Turo Signs Lease for New Union Square Office
The company will move its headquarters to 100 Stockton Street by the end of 2026.
Updated on Oct. 29, 2026 in Commercial
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The car-sharing platform Turo is moving its headquarters to a newly renovated building at 100 Stockton Street in Union Square. The company signed a lease for the entire 30,000-square-foot seventh floor, marking a shift from its current location at 111 Sutter Street.
Why it matters
This move signals a significant effort to boost office occupancy in Union Square, where the 100 Stockton building underwent an $80 million renovation. Turo is expanding its local footprint to accommodate recent business growth, including 17% revenue increases in the second quarter.
Turo will expand into 30,000 square feet of office space, up from its existing 26,000-square-foot footprint at 111 Sutter Street. While this lease fills a portion of the building, 60,000 square feet of office space remains available for other tenants.
The players
Turo
A San Francisco-based car-sharing marketplace that connects vehicle owners with renters.
Blatteis & Schnur
A real estate investment firm that co-managed the renovation of the 100 Stockton Street building.
Morgan Stanley
An investment firm that partnered to complete the office renovation at 100 Stockton Street.
The details
Turo will relocate from its current office by the end of 2026. The new headquarters occupies the seventh floor of a building that previously housed a Macy's men's store. Blatteis & Schnur and Morgan Stanley completed the renovation of the 1970s-era structure to incorporate professional office space alongside 180,000 square feet of retail.
Timeline
End of 2026: Turo's lease at 111 Sutter Street expires.
Across the Bay
Turo's relocation into the heart of Union Square aligns with citywide efforts to stabilize downtown commercial corridors through building modernization. This move follows the trend of repurposing former retail-heavy assets to attract tech-driven firms back to the city center.
Workers and visitors to Union Square will see one more major employer active in the district by the end of 2026. The shift consolidates Turo's presence in a central hub as the company projects a $3.3 billion annual gross booking value.
The takeaway
Turo's move highlights a high-value investment in the Union Square commercial core during a period of corporate growth. Residents should track office occupancy rates at 100 Stockton Street as the building adds new tenants to its available 60,000 square feet.
Further reading
For more on the changing landscape of local workplaces, visit the Commercial section.
Source note: This article includes information reported by San Francisco Chronicle.
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