![]() ![]() Last month, the Japanese conglomerate Softbank agreed to invest $3 billion in WeWork, valuing the privately held company at $45 billion - making it the second most valuable U.S. We continue to have record-breaking months for new members globally,” Slavet said. Slavet said WeWork is competitively priced compared with traditional long-term leases. Jon Slavet, Wework managing director for US & Canada West, speaks during an interview at Wework's new dual headquarters in Salesforce Tower on Monday, Novemin San Francisco, Calif. WeWork is also planning to host nonprofits in the space, as it does in other locations. The company also plans to hold a communal meal each week for co-working customers and employees. WeWork will open a fitness club, called Rise by We, along with a coffee shop in the space in the next few months. A single desk is $800 per month and a private office starts at $1,400 per month, according to WeWork’s website. The other half will be co-working space, which is sold out despite having one of the most expensive rates in the world. ![]() The Salesforce Tower location will have around 700 desks, with half occupied by WeWork staff, including an engineering team that will work on building technology systems. Salesforce Tower “is a bridge to the future of the city,” he said. “The original roots of WeWork in San Francisco are a much more old-school building,” said Jon Slavet, WeWork managing director of U.S. ![]() WeWork arrived in San Francisco in 2011 with a small deal in a century-old six-story building at 156 Second St., just a few blocks from Salesforce Tower. People work on computers and move about the office at Wework's new dual headquarters in Salesforce Tower on Monday, Novemin San Francisco, Calif. WeWork has almost twice as much space in San Francisco as it did at the end of last year, and also has offices in Berkeley, Emeryville, Mill Valley, Mountain View, Oakland, San Mateo and San Jose. WeWork says it now has 1.43 million square feet leased and owned in San Francisco, behind only Salesforce, Wells Fargo and Uber, according to brokerage data. It has transformed real estate around the world by building out shared offices and renting them out to both single-person startups and major companies like Facebook and Bank of America. In less than a decade, WeWork has become the world’s largest operator of co-working space. The three-story space in the city’s tallest building isn’t just rented out to clients it will house a major cluster of WeWork employees, and will share headquarters status with New York, where the company was founded in 2010. WeWork has opened offices in San Francisco’s Salesforce Tower - another milestone for a young company that is now the city’s fourth-largest office tenant. Lea Suzuki / The Chronicle Show More Show Less Lea Suzuki/The Chronicle Show More Show Less 3 of3 The San Francisco skyline is viewed outside of a conference room window at WeWork's new space in Salesforce Tower on Monday, Novemin San Francisco, Calif. Lea Suzuki / The Chronicle 2018 Show More Show Less 2 of3 A common dining area is seen at Wework's new dual headquarters in Salesforce Tower on Monday, Novemin San Francisco, Calif. 1 of3 Ephraim Tekle (l to r), senior engineering manager and Jasleen Kaur, program manager, talk as Tekle works on a white board near a common dining area at Wework's new dual headquarters in Salesforce Tower on Monday, Novemin San Francisco, Calif. ![]()
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