Twitter Inc., the microblogging site planning an initial public offering, is in talks to lease a 320,000-square-foot office adjacent to its San Francisco headquarters, said people with knowledge of the discussions...
Twitter relocated to the Central Market area in June 2012, helping to revive the blighted neighborhood and paving the way for moves by technology firms including mobile-payments company Square Inc. to the area.
Technology companies are leading an office trend that’s housing more workers in less space, according to Steve Barker, branch manager for commercial broker Studley Inc. Mobile devices that allow business to be conducted away from a desk and online storage of files has reduced the space requirement to about one employee per 170 square feet, he said.
By that estimate, Twitter’s current headquarters would accommodate about 1,735 workers and 1 Tenth St. would hold as much as 1,882.Twitter Said to Be in Talks for San Francisco Office
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