Google Inc., (NASDAQ:GOOG) has purchased a bevy of companies within the past several years. Some have been to utilize new technologies, others have been to indirectly hire some of the world’s best and brightest engineers. You can’t blame Google, they surely know how to attract and keep great talent. That is partially the reason for their phenomenal success. However, after a while, the quandary follows with regard to how to house all of these new employees. Well, problem solved; Google just leased a 35,000-square-foot building in San Francisco’s Mission neighborhood.
The office space is said to fit at least 200 employees, which may include those of its recent purchases: Boston Dynamics, SlickLogin and Nest Labs. The Mission District is San Francisco’s oldest neighborhood, named for Mission Delores. It was founded in 1776 and also has some of the city’s best restaurants and galleries.
To date, Google has offices in Mountain View, which is in Silicon Valley, about an hour’s drive away from San Francisco. However, it also has offices in San Francisco’s SoMa neighborhood with another planned office opening in the South Park area. Google also has around 32,000 worldwide employees.
Google isn’t the only tech company opening office spaces in San Francisco. Other companies such as Yammer, Pinterest and Twitter are doing the same, as well. However, there is both positive and negative feedback to this trend. While the reasons for opening an employee location in San Francisco are understandable-the weather, walkability index and proximity to restaurants and shopping, some residents are crying foul.
The reason for the criticism is San Francisco locals have found, that along with the influx of techies, come an increase in rent prices and gentrification. On the other hand, the arrival of employees (making good salaries) does add a boon to the local economy. Either way, Google needs to keep its talent somewhere, and to keep Google on the up and up, they need to be happy too.
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