Twitter Will Move to Market Street

4/22/11Follow @wroush

Thanks to a vote by the San Francisco Board of Supervisors earlier this month that capped Twitter’s payroll taxes at current levels, the company won’t have to relocate to Brisbane or any other city. In fact, Twitter said in its blog today that it has signed a lease to move its headquarters to Market Square, the building at 1355 Market Street also known as the San Francisco Mart. It’s part of a deal aimed at bringing big more big tenants (and their employees) into the city’s beleaguered Central Market area. In the post, the company thanked local politicians for “spearheading legislation that will help revitalize an area of San Francisco where office space has sat vacant for decades.” Twitter, whose offices are currently at 795 Folsom Street, said it expects to relocate to the San Francisco Mart by mid-2012.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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