Databricks recommits to S.F. headquarters in SoMa - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The lease renewal represents a small gain for San Francisco, where office vacancy has risen to close to 25% in recent months.

Databricks employees are only asked to show up at the company's San Francisco office once a week, but the company says it is committed to its real estate footprint.cloud-based data analytics company — one of the fastest growing Bay Area startups pre-pandemic —A Databricks spokesperson confirmed the renewal on Friday, but would not discuss the terms of its lease with landlord Tishman Speyer or disclose how much space the company occupies at the SoMa building.

"We're excited to signal our commitment to San Francisco and the Bay Area more broadly combined with our Silicon Valley office in Mountain View," said Amy Reichanadter, the company's chief people officer."The expansion will continue our focus on developing flexible working environments where we can create great customer engagement and strong teamwork."

Originally founded in Berkeley, Databricks relocated its headquarters to San Francisco in 2015. The startup was valued at $38 billion in 2021. The renewal represents a small gain for San Francisco, where office vacancy has risen to close to 25% in recent months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Largest MBA Programs in the Greater Bay Area - San Francisco Business TimesThis List includes colleges and universities located in the Greater Bay Area, which is defined as Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma counties. Information was obtained from school representatives.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

CytomX snags cancer drug deal with Regeneron - San Francisco Business TimesThe deal is the company's third to help larger pharmaceutical companies power up their bispecific antibodies while getting those drugs closer to cancer cells instead of healthy tissue.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Education construction specialists RGMK merging with the Cumming Group - San Francisco Business TimesThe company has worked on new facilities for more than 60 Northern California school districts.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Golden State Warriors' League of Legends team, esports operations make SoCal play - San Francisco Business TimesThe esports training facility and offices on the west side of Los Angeles underscores the Warriors' aspirations for its gaming franchise.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »