The bakery moved out late 1990 and the property was sold to Senaatti, who converted the building into an office building for educational use between 2001 and 2003. In 2009, Leipätehdas was transferred to Helsinki University Properties.
Long-term tenants, such as The Finnish National Opera Ballet School, Helsinki Dance Institute, StepUp School and Helsinki City Education Department have been at Leipätehdas since 2003. After the Academy of Fine Arts moved to other premises in 2013. Helsinki City Theatre and The National Library of Finland moved in while their premises were under renovation.
In October 2016, the property was acquired by a consortium led by Christoffer Sundberg through Cobbleyard Real Estate. Cobbleyard is compiling a new group of tenants as the temporary tenants move back to their own premises.