Twitter signs new lease for San Francisco headquarters 

Twitter announced Friday it has signed a lease to move their headquarters to the Mid-Market area of San Francisco.

The move comes three days after the San Francisco Board of Supervisors approved a payroll tax break for the area.

Twitter is staying in San Francisco and has signed a lease to move our headquarters to Market Square, a historic building in San Francisco’s Central Market neighborhood that is being managed by our new partner and landlord, Shorenstein Properties,” the announcement said.

The tax break for Twitter was a controversial issue that in the end was approved by the Board of Supervisors on Tuesday in an 8-3 vote. The more left-leaning members of the board opposed it to the end.

The tax break proposal came as Twitter was exploring moving its headquarters out of San Francisco to Brisbane, a city that does not have a payroll tax.

Twitter, however, may not have been so passionate about leaving the city of its birth. “San Francisco’s unique creativity and inventiveness is a part of Twitter’s DNA, and we feel like we are part of San Francisco,” the statement said.

A Mid-Market move date has yet been set. “We expect we will move into our new space in mid-2012. We can’t wait,” the statement concludes.

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