Spotify Latest Tech Company Moving To San Francisco’s Mid-Market
SAN FRANCISCO (CBS SF) — The popular digital music company Spotify is the latest tech company moving to a new office along San Francisco’s Central Market neighborhood, Mayor Ed Lee announced Wednesday.
Spotify had employees working out of an office in San Francisco’s Financial District, but is moving them to a larger space in the Warfield building at 982 Market St., according to the mayor’s office.
The company allows users to stream music for free with limited commercial interruptions or to stream and download songs with no ads for a monthly fee.
“Spotify is both a technology and a music company so the Central Market location and association with the Warfield theater were a perfect fit for us,” company vice president of strategic partnerships Tom Hsieh said in a statement.
“We are proud to be a part of the city’s plan to revitalize and reinvigorate this historic section of San Francisco,” Hsieh said.
Spotify is the 11th tech company to establish offices in the Central Market neighborhood following the city’s efforts to improve the area.
The mayor and Board of Supervisors in 2011 approved an ordinance that exempted companies operating in certain parts of the Central Market and Tenderloin neighborhoods from paying payroll taxes on new employees.
Twitter and Zendesk are among the companies that have since established offices in the area.
The mayor’s office also announced Wednesday that three other small businesses have signed leases for office space in the Central Market and Tenderloin neighborhoods.
Apex and Holy Stitch! signed a five-year lease for a co-working art studio and boutique at 42 Turk St., while Phantom Coast Gastropub and Brewery has leased 5,000 square feet of space at Turk and Taylor streets.
Lee said in a statement that he was “thrilled that the new employers arriving on Market Street are being joined by vibrant new small businesses and arts establishments that will be our long-term partners as we revitalize the Central Market and Tenderloin.”
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