Financial software developer Intuit Inc. is cutting back on its leased space in Woodland Hills as it relocates this fall.

Intuit, headquartered in Mountain View, currently occupies about 170,000 square feet in an office complex at 21215 Burbank Blvd. After the lease expires in September, it will relocate to 53,000 square feet in the Warner Center Towers at 21650 Oxnard St, according to CoStar Group Inc.

The real estate database and news website reported that Chris Glennon, vice president of global real estate and workplace for Intuit, said the company had been looking since last year at the options of either renovating its space or relocating.

“We knew we wanted to change to a different type of space: more open – collaborative with updated furnishings and technology,” Glennon said in a statement to CoStar News. “So, we opted to move instead of remodel in the current site. We are excited about the move, it’s the right size and space for our future work needs.”

Intuit has about 300 employees in its Woodland Hills office, all of whom will make the move to the new offices, Glennon told CoStar.