The City of Vancouver says keeping companies like HootSuite is the key to attracting other businesses. (HootSuite)

Vancouver digital media company HootSuite is slated to move into a new larger head office at a city-owned office building in Mount Pleasant — a move the city says is key to bringing more jobs into the city.

HootSuite is leasing new office space at 5 East 8th Avenue with an option for ownership. The company is moving from its Railtown office because it needs more space.

Coun. Andrea Reimer says the move is good news for the city.

"There's a race on the planet right now to attract and create these hubs, which themselves — they're like magnets attracting buisness," she said.

"Having HootSuite stay here means that our magnet gets a bit bigger and we're able to attract more digital media jobs over time."

HootSuite is slated to move into its new office in early 2013.

"Since we first started HootSuite in Railtown in 2008 ... we've been proud to call Vancouver our home," said HootSuite CEO Ryan Holmes.

"The city's digital media sector is strong and continues to grow, and we're excited to have found a new location that allows us to stay and expand here."