Twitter May Be Packing Up And Leaving San Francisco
News has begun to surface that Social Media darling Twitter may soon be packing up their San Francisco offices and heading to the old Walmart headquarters in Brisbane, California.
The San Francisco Business Times has revealed that the 200,000 square feet of space offered by the old Walmart headquarters would allow Twitter to more easily expand their operations, while left over land could be used for future expansion.
Expansion concerns is a big issue facing Twitter after they nearly tripled their working staff over the last 12 months, now sitting at nearly 350 employees.
Company spokesperson Carolyn Penner explained why the company was looking to leave the city they grew up in:
“Based on our current growth trajectory, we can’t stay on the two floors that we currently have,” while adding “So, at some point we’re going to have to look at other options.”
San Francisco city officials don’t want to see the company move and it looks like Twitter may receive some nice tax incentives and other perks to stay.
Jennifer Matz, the director of the San Francisco Office of Economic and Workforce Development told the Chronicle:
“We love Twitter,” and “We’re not surprised that other communities would like to have their headquarters located in their town, but we are going to do everything in our power to keep Twitter’s headquarters here and help them find the space that allows them to grow.”
It was just 2009 when Twitter moved into 31,000 square feet of space on Folsom Street with 30 employees and then procured another floor in that building for growth shortly after, but they can only purchase so much space in one building before it runs out.
The cities best hope? Centennial Towers in South San Francisco which is believed to be another possible stomping ground for the company’s new digs.
With a valuation nearing $5 billion, it’s simple to see why city officials and workers would like to see Twitter remain in the Bay Area.