Salesforce confirmed Friday that it will list Tableau Software’s headquarters building in Seattle on the sublease market.
Tableau, acquired by Salesforce for $15.7 billion in 2019, opened the NorthEdge building in the Fremont neighborhood six years ago, with room for about 1,200 people, or 205,000 square feet of space.
The four-story mixed-use building features rooftop views of the downtown Seattle skyline and is on the Burke-Gilman Trail, just north of Gas Works Park.
It’s a slight change in plans for Salesforce, which said last month it would put Tableau’s nearby Data 1 Building up for sublease. Salesforce will instead now keep the Data 1 Building.
Salesforce still has its space at Tableau’s Kirkland Urban office across Lake Washington on the sublease market.
Tableau employees will have access to the five-story Data 1 Building, as well as Salesforce’s offices in Bellevue.
“Tableau is a critical and thriving part of our business and we remain fully committed to our Seattle-based home and employees,” a Salesforce spokesperson said in a statement.
Many tech companies are looking to reduce their real estate footprint amid remote work policies and recent layoffs across the industry.
Salesforce announced a 10% workforce reduction in January and has shed more than 1 million square feet of space in San Francisco, where it is based.
Tableau had grown to about 4,200 employees worldwide before it was acquired, about half of them in the Seattle region. Prior to its recent cuts, Salesforce employed about 4,000 people in the Seattle area, including Tableau employees. The company has not provided an updated regional headcount.
Salesforce CEO Marc Benioff once said the Seattle region would become the company’s “HQ2” with the Tableau deal.
The latest changes come at a pivotal moment in Tableau’s history, 20 years after it was founded in Seattle based on technology spun out of Stanford University.
Cutbacks by Salesforce have rippled through Tableau’s workforce in recent months, accompanied by significant turnover in Tableau’s executive leadership team.
Tableau earlier this month named a new CEO, tapping Salesforce vet Ryan Aytay to lead the company after former CEO Mark Nelson stepped down at the end of last year.
Tableau generated revenue of $623 million in the most recent quarter, up 6% year-over-year, accounting for about 7% of Salesforce’s overall revenue.
Tableau earlier this month announced new generative artificial intelligence features for its data visualization platform.
The company faces tough competition in the growing field of data visualization and business intelligence — perhaps most notably from Power BI maker Microsoft, which is steadily adding AI “copilot” features to its business productivity apps under its partnership with ChatGPT maker OpenAI.
