Item 2. Properties
Item 2. Properties
Our headquarters are located in Palo Alto, California, where we lease approximately 249,500 square feet of office space. The lease for the Palo Alto office was entered into in July 2020 and has a term of 12 years with an option to renew the lease term for an additional 10 years. We also have approximately 200,000 combined square feet of additional office space in Redwood City, California, and San Diego, California, and these leases currently have expiration dates ranging from 2025 to 2029. Our CAP-accredited and CLIA-certified laboratories are located in these two facilities, where testing for both clinical and biopharmaceutical customers is performed. We also maintain domestic leased office spaces in Spring, Texas, and Seattle, Washington, and international leased office spaces in Japan and Singapore. While we believe our existing facilities are adequate to meet our current requirements, we expect to expand our facilities as our operations grow over time. We believe we will be able to obtain such additional space on acceptable and commercially reasonable terms.
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