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The vast office space at the San Antonio Shopping Center has a new corporate tenant moving in. The swiftly growing shared-workspace company WeWork announced last week that it had signed a deal to take over all 400,000 square feet of office space leased by LinkedIn. WeWork’s new offices, as well as other components of the second phase of San Antonio shopping center’s redevelopment, are expected to be completed by the first half of 2018.
Similar to a gym membership, WeWork operates by offering companies both big and small access to use its offices. For early-stage entrepreneurs, a WeWork membership is typically much more affordable than signing a formal lease for office space, especially in high-priced markets like Mountain View. As the company’s spokespeople are quick to note, membership comes with a bevy of amenities like free coffee, refreshments and many of the perks common at large tech companies.
Details on what the company is planning at San Antonio remain vague. A WeWork representative who declined to be named said company officials are tentatively planning to build out the space for 6,000 members. He could not say whether any specific companies had signed up to use the space.
WeWork has seen meteoric growth and investment in recent months, giving the company a $20 billion valuation. The new Mountain View space would be WeWork’s 11th location in the Bay Area.
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