WeWork Takes Nearly 100,000 SQFT in San Mateo, Expanding Its Reach Across Region

Snowflake Computing, San Mateo, Hines, Pearlmark, San Francisco, WeWork, Eastdil Secured, Silicon Valley, Caltrain, Bay Area

By Vladimir Bosanac

WeWork’s growth in the Bay Area has been impressive, and the company is now making a concerted effort to expand its footprint even more. This week, the co-working and landlord technology company announced that it was taking the space in Hines’ San Mateo development at 400 Concar Drive, a new Class A office complex totaling 305,000 square feet on 3.3 acres in San Mateo. The 400 Concar building is roughly 95,000 square feet, and it sits across the street from the larger, 210,115 square foot building that Medallia, the global SaaS Customer Experience Management leader, announced in April of 2016 that it would make into its new headquarters.

Centrally located near the intersection of U.S. Hwy. 101 and Interstate 92, 400|450 Concar is positioned between San Francisco and Silicon Valley, with easy access to the East Bay via the San Mateo bridge. The property is also directly adjacent to the Hayward Park Caltrain station and future retail and housing amenities at Station Park Green.

“400|450 Concar offers the ideal combination of location, services and amenities that fast-growing, high-performance companies like Medallia are looking for,” said Hines Director Sam Cheikh at the time of the announcement. “Our project offers the best commute options on the Peninsula, and great opportunities for Medallia’s future expansion.”

WeWork’s lease in San Mateo is its first in the city and in the Mid-Peninsula market. The space will add 1,650 new WeWork desks when it opens in December of 2018 spread across four floors of the building, according to a statement from the company.

“WeWork members all over the Bay Area have been asking for a location in San Mateo. We’re thrilled to finally be able to service the Mid-Peninsula area with our very first San Mateo location and to meet the demand in this booming community,” said Elton Kwok, WeWork’s Northern California general manager.

In the Bay Area, WeWork now operates in four cities, San Francisco, San Jose, Oakland and Berkeley, and the company will be shortly opening up locations in Mountain View, Mill Valley and now San Mateo. The total square feet the company takes in the Bay Area is close to one million, the company stated. That figure does not include the space in Mountain View.

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