Turo Leases Office Space at 100 Stockton Street

The car-sharing company will move to a renovated Union Square property from its current Sutter Street location.

Updated on Oct. 29, 2026 in Commercial

Isometric editorial illustration of a modern, multi-story glass and steel commercial building exterior. — Car-sharing company Turo has signed a lease for a 30,000-square-foot office at 100 Stockton Street in San Francisco, relocating from its Sutter Street headquarters. AI Illustration. Upload story photo >

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Turo has secured a lease for the entire seventh floor at 100 Stockton Street in San Francisco, spanning approximately 30,000 square feet. This move marks an expansion from its current 26,000-square-foot office at 111 Sutter Street.

Why it matters

The relocation accommodates the firm's growth and supports ongoing efforts to revitalize the Union Square neighborhood. Turo reports significant business gains, including 19% year-over-year growth in booked days during the second quarter.

The new 30,000-square-foot office is part of a building renovated at a cost of $80 million that includes 180,000 square feet of retail space. Currently, 60,000 square feet of office space remains available at the 100 Stockton Street location.

The players

Turo

This peer-to-peer car-sharing company allows vehicle owners to rent out their cars to travelers via an online platform.

Blatteis & Schnur

This real estate investment firm specializes in acquiring and developing high-profile urban retail and mixed-use properties.

Morgan Stanley

This global financial services firm provides investment banking, securities, and wealth management services to corporations and individuals.

The details

Turo will vacate its current headquarters at 111 Sutter Street at the end of 2026. The new office is situated in a 1970s-era building, previously occupied by a Macy's men's store, which was renovated by Blatteis & Schnur and Morgan Stanley.

Q2 2026: Turo experienced 19% growth in booked days.
End of 2026: The lease at 111 Sutter Street expires.

Culture Shift

This move follows the documented trend of the Union Square neighborhood revitalization project. Turo's relocation signals a shift toward maintaining a corporate footprint in the area, following the pattern of firms supporting urban recovery efforts.

The relocation of a major company to Union Square contributes to the increased foot traffic and activity needed to support nearby local retail and service businesses. Residents may see a more active commercial district as empty office spaces are filled.

The takeaway

Turo projects reaching $3.3 billion in gross booking value and $1.2 billion in revenue this year. The company's expansion highlights the continued demand for premium office space in revitalized urban retail hubs.