Uber Expands Into Palo Alto With Major New Lease
The firm subleased 140k SF at 900 Arastradero Road from VMware, reports the San Francisco Business Times. The property likely commanded a rent of $78/SF.
Companies are increasingly offering short commute times as a top amenity. Eliminating a draining commute from the Peninsula to San Francisco could be a win for a company focused on making sure employees are at their most productive.
A convenient location allows Uber to compete with other Silicon Valley companies, such as Google and Facebook, in drawing talent. A comparable commute makes switching from Google to Uber that much easier. [SFBT]