Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work

• Meta had 18 years remaining on the lease for an eight-storey office in London, the FT reports.
• Doing so will cost the tech giant around $181 million, per the FT.
• The move comes as Big Tech continues to reassess its relationship to in-person work post-pandemic.

Meta has paid $181 million to end its lease on an office in London that it never moved into, the Financial Times reported.

The Facebook and Instagram parent company had another 18 years left on the lease at 1 Triton Square — and paid about seven years worth of rent to end the obligation early, per the FT.