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Former Burning Man headquarters building sells at 90% discount
The 955 Market Street building that was once home to Burning Man headquarters, and then a whole bunch of WeWork offices, is now empty and just sold for a measly 10% of the price it fetched in 2016.
The 955 Market Street building that was once home to Burning Man headquarters, and then a whole bunch of WeWork offices, is now empty and just sold for a measly 10% of the price it fetched in 2016. Let’s look back to the days of 2016, when the 16-story office building at 995 Market Street was on the market for sale, drawing the San Francisco Business Times headline “ WeWork’s Mid-Market landlords prepare to cash in.” The Burning Man office headquarters called Black Rock LLC had once been a tenant, as was the Eviction Defense Collaborative, but WeWork had pretty much taken over the whole building. Eight years later, that now-empty building just sold for a mere $6.5 million in an auction proceeding last week, according to the SF Business Times.
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