San Francisco's office vacancy challenges continue, with the rate seeing a slight increase due to Elon Musk's decision to sublease X's Mid-Market headquarters.

X, formerly known as Twitter, is closing its headquarters in San Francisco and moving some of its San Francisco employees to San Jose and Palo Alto. The departure is another blow to a city that has been buffeted by high-profile business departures.

Accounting giant KPMG has committed to a new, 100,000-square-foot office in San Francisco once its current lease for its longtime home on Second Street expires. The New York-based company announced Friday that it will relocate to 505 Howard St.

Elon Musk ended X's time as a California company and followed through on his promise to bring the social media platform to Texas. New court filings revealed that X's headquarters are now in Bastrop, Texas,