WeWork is putting a twist on its co-working model with HQ, a new concept aimed at medium-sized companies that offers more privacy.
Co-working space operator WeWork is bringing a new concept aimed at medium-sized companies to San Francisco.
The fast-growing company eased 17,500 square feet in 800 Market St. for its first location of the new model, known as HQ, outside of New York City.
WeWork’s HQ is geared toward businesses with 11 to 250 employees that need office space, but don’t want to sign a traditional lease or don’t need the common areas the company provides in its co-working location.
“Since launching HQ By WeWork, we have been inundated with inquiries from businesses looking for private, flexible, cost-efficient spaces that allow them to reflect their identity,” said David Fano, the company’s chief growth officer, in a statement. “San Francisco was the obvious next destination.”
The company already runs six HQ locations in New York totaling more than 400,000 square feet, with the goal of reaching 1 million square feet within the next year.