The much rumored opening of Apple’s first major office space in SanFrancisco has been confirmed by Reuters. Apple plans on moving into the space – which has enough room for at least 500 workers – in late summer.
Reuters:
Apple prepares to open chic new offices in San Francisco’s high-rent South of Market neighborhood, which has spawned scores of promising startups […] The iPhone maker’s new office will be in about 76,000 square feet of rented space at 235 Second St
The two floors, located in a building mostly occupied by CBS Interactive – offers open spaces, and exposed ceilings, which is the go-to aesthetic for tech firms these days.
Reuters offers two theories about why Apple would make a move to San Francisco. First, opening a San Francisco office will allow Apple to provide room for its two subsidiaries, Beats Music and Topsy Labs. Second, a SF office might make the company more attractive to young tech workers who prefer to both live and work inside the San Francisco city limits.
Demand for desks there could be intense. After established tech firms open up shop in San Francisco, they often have more workers wanting space there than they can accommodate, said broker John Lewerenz of real estate firm Cushman & Wakefield.
Google has struggled to keep workers from swarming its San Francisco office, particularly on Fridays. The company quickly leases additional floors in its main San Francisco building when they are vacated by other tenants, Lewerenz said.
Apple’s new office space is currently in the process of being refurbished to Apple’s specifications, and is expected to open sometime in later summer 2016.
