Payroll startup Gusto leases 60,000 more square feet, in two buildings

Gusto, a San Francisco-based payroll startup that rolled into Denver in 2015, has ramped up its real estate as it looks to double its local workforce.

Gusto has leased an additional 60,000 square feet in Denver, with 10,000 at the Tabor Center, where the company already operates, and 50,000 at Park Central at 1515 Arapahoe St.

“We started at the Tabor Center, and we’re basically radiating out from that area,” Gusto spokesman Rick Chen said. “It’ll be a lot easier to expand and grow there.”

Between the two offices, Gusto will have 100,000 square feet in the Mile High City.

Chen said the startup won’t be moving outside downtown anytime soon.

“We love Denver, so we’re really committed to staying in downtown Denver and Colorado,” Chen said, adding that it was advantageous to be near the company’s small business customers in the heart of the city.

Gusto employs 500 people in Denver, more than the 300 at its home base of San Francisco.

“When we opened our office in Denver in 2015, we committed to employ more than 1,000 people in the next few years,” Chen said. “We’re seeing our real estate catch up with that rapid growth.”

Chen said the company is hiring for all positions in Denver, including engineering, product, support, customer experience and sales. The company has nearly 30 open jobs listed on its website.

The company also is looking to double its headcount in San Francisco, Chen said.

Founded in 2012, Gusto provides payroll and other HR services for approximately 60,000 companies. Chen said the company’s growth in Denver has coincided with its expansion into other products besides its signature payroll software, including HR services such as benefits, retirement plans and a flexible pay tool. Instead of waiting for a specific payday, employees using Gusto can get paid for the days they have worked if they need their paycheck sooner, Chen said.

Anthony Albanese and Nic Weld with CBRE represented Gusto in its lease, in addition to San Francisco CBRE brokers Jenny Haeg and Nathan Zoucha.

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