Google (GOOG) plans to expand its presence outside of Silicon Valley with more office space in San Francisco.
The tech giant has leased new space in the city’s historic Mission district. A building formerly occupied by a printing business will become home to startup companies purchased by Google. The building, which offers 35,000 square-feet of space, was built in the 1920’s and offers room enough for 200 workers, the Financial Times notes.
Google has purchased a number of small companies over the past year, including Nest Labs, which develops smart-thermostats.
By adding space in San Francisco, Google may be hoping to recruit workers who are unwilling to commute to Silicon Valley.
However, the move could also draw more ire from Mission district residents. The influx of highly-paid workers for big tech companies has caused San Francisco rents to soar. That has frustrated long-time residents, who say they are being priced out of their homes. Recently, community activists have staged vocal protests targeting the buses Google operates to shuttle workers from the city to Silicon Valley, according to the San Francisco Chronicle.
GOOG stock rose modestly in Tuesday mid-day trading. GOOG stock has climbed more than 45% over the past year.
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