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$10 billion startup WeWork displaced an anti-eviction group to make room for more startups
http://www.businessinsider.com/wework-evicts-anti-eviction-group-2015-11An anti-eviction defense group has been displaced by WeWork, a $10 billion startup that turns office floors into co-working spaces for other startups. It's ironic — and totally appropriate for San Francisco in 2015.
The Eviction Defense Collaboration and Tenants Together are losing their office space to the coworking company as it takes over their floor in an office building, as reported by San Francisco Magazine.
The groups shared the 12th floor of 995 Market St in what's nicknamed the Twitter Tax corridor because of the tax break San Francisco gave to tech companies to entice them to locate in that part of the city. WeWork already occupied the first 11 floors of the building.
The Eviction Defense Collaborative's interim director, Paul Cohen, told San Francisco Magazine that his group is being priced out. The collaborative had reportedly been paying $2 a square foot, and WeWork was prepared to pay roughly $4 for the space, Cohen told San Francisco Magazine.
The Eviction Defense Collaboration and Tenants Together are losing their office space to the coworking company as it takes over their floor in an office building, as reported by San Francisco Magazine.
The groups shared the 12th floor of 995 Market St in what's nicknamed the Twitter Tax corridor because of the tax break San Francisco gave to tech companies to entice them to locate in that part of the city. WeWork already occupied the first 11 floors of the building.
The Eviction Defense Collaborative's interim director, Paul Cohen, told San Francisco Magazine that his group is being priced out. The collaborative had reportedly been paying $2 a square foot, and WeWork was prepared to pay roughly $4 for the space, Cohen told San Francisco Magazine.
A $10 billion startup?!
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