Fintech company reduces capital expenditure with phased expansion plan

Fintech company by the numbers

  • 229,330 RSF
  • 15 full floors
  • 72-month term
  • Client search to deal signed in 2.5 months

An enterprise financial services client was looking for a new global HQ to fit their future expansion plans. They needed an office in San Francisco that would serve their projected growth, but didn’t want to pay for unoccupied space in the meantime.

To accommodate this enterprise client’s expected headcount growth, their broker turned to WeWork to deliver a comprehensive and flexible 15-floor deal that was rolled out in three phases. This allowed the client to grow into the space at an incremental pace rather than paying for unused space, while reducing client’s upfront capital expenditures so that their growth could be prioritized.

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