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oinbase, the cryptocurrency exchange led by Brian Armstrong, may be preparing to return to San Francisco after a three-year absence. The company is reportedly shopping for over 100,000 square feet of office space in the city, including a potential lease on 130,000 square feet at 185 Berry Street. Sources close to the matter say Coinbase is in talks with McCarthy Cook, the building's owner, about a possible agreement.

    This move would be a significant shift from Coinbase's decision in March 2021 to abandon its San Francisco headquarters and adopt a "remote-first" policy. At the time, the company listed its 191,000 square feet of WeWork offices for sublease and filed for an IPO as a placeless entity. However, it appears that Coinbase has since expanded its commercial footprint, leasing office space in New York and Mountain View.

    Coinbase currently maintains a 25,000-square-foot office at a WeWork coworking space in San Francisco's Salesforce Tower. The company's plans to return to San Francisco are still unclear, but the search for new office space suggests that it may be reevaluating its remote work strategy.