Redfin is moving into a 112,000-square-foot space near Seattle’s South Lake Union neighborhood, more than double its current office space, to accommodate its growing workforce.

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Redfin is moving its headquarters into larger space near Seattle’s South Lake Union neighborhood as the online real-estate company continues to grow.

Redfin will take over 112,000 square feet on four floors of the Hill7 building, a Touchstone project on Boren and Stewart streets in the Denny Triangle.

The company said Tuesday that it needs more space for its booming workforce. It occupies about 47,000 square feet in the Market Place Tower in Belltown, meaning the move will more than double its office space.

“Redfin needed more space for our software engineers and real-estate agents to work together because both teams are growing so quickly,” Eric Hollenbeck, Redfin director of IT, office development and customer service, said in a statement.

Redfin does not disclose its workforce numbers.

Redfin is one of the largest private tech companies in the region, and has been named as a potential future IPO candidate by many research firms, though the company has said it is in no hurry to enter the public markets. It raised $71 million in December 2014.

Redfin will move into its new space at the beginning of next year, joining HBO in the building.

HBO said in March it planned to take over 112,000 square feet in the Hill7 building to support its growing engineering center.