Just last year Yelp signed on as the lead tenant at the newly restored 140 New Montgomery Street in San Francisco. The online-review emporium's splashy 123,000-square-foot office opened late last year and was billed as its global headquarters. Yelp predicted that the new space would be sufficient for its needs for quite awhile. But the company has grown so much in that time that it just signed a brand-new 103,324-square-foot lease around the corner from 140 New Montgomery at 55 Hawthorne Street, nearly doubling its size in the city. The even newer address (which is also home to Dell and the Greater Bay Area Make-A-Wish Foundation) will allow Yelp to continue to grow in San Francisco: The deal includes an option for an additional 34,000 square feet by 2018.
Yelp managed to snag one of the few available big offices available in San Francisco. There are currently only 14 spaces on the market that are 50,000 square feet or more. Yelp will take up about three-quarters of the building, which sort of looks like a suburban office park nightmare from the outside. Naturally, Yelp plans to renovate, and those plans call for the removal of dropped ceilings, the addition of new lights, and the expansion of the building's window line. The tech firm's big move comes on the heels of its announcement last month of a new Palo Alto office, its first big foray into Silicon Valley.
· Yelp Signs On for 140 New Montgomery Space, Tech Firms Take Over SF Once Again [Curbed SF]
· Yelp Doubles Down on San Francisco with Office Expansion [SF Business Times]
· Palo Alto Gets Five Stars [Curbed SF]