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Apple Leases Major New Office Campus in Cupertino to Support Continued Growth
While Apple's plans for a stunning new corporate campus in Cupertino have received a significant amount of attention, that facility won't be ready to open until at least 2015, and Apple certainly hasn't stopped growing to wait for the new campus to come on line.
The San Jose Mercury News is now reporting that Apple has agreed to lease a nine-building office campus in Cupertino capable of housing up to 1,300 employees.
The San Jose Mercury News is now reporting that Apple has agreed to lease a nine-building office campus in Cupertino capable of housing up to 1,300 employees.
The lease deal in the old Measurex campus, now known as Results Way Corporate Center, allows Apple to rent 373,000 square feet. City officials and industry experts with direct knowledge of the transaction confirmed the rental deal.Real estate brokers note that Apple's move puts a further squeeze on the Cupertino and Mountain View markets that are nearly out of potential space for future office space needs, as Google, Facebook and others have also snatched up significant amounts of space. The dearth of additional available space leads to questions about where else Apple might be able to expand if even more space is required before it can open its new 12,000-employee facility on an old HP campus in Cupertino just a short distance from Apple's current headquarters campus.
"This is all good news for the city," said Kelly Kline, Cupertino's city economic development manager. "Apple is the premier corporation in Cupertino."
Tag: Apple real estate
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107 months ago
Real estate brokers note that Apple's move puts a further squeeze on the Cupertino and Mountain View markets that are nearly out of potential space for future office space needs, as Google, Facebook and others have also snatched up significant amounts of space. The dearth of additional available space leads to questions about where else Apple might be able to expand if even more space is required before it can open its new 12,000-employee facility on an old HP campus in Cupertino just a short distance from Apple's current headquarters campus.
There is a lot of available space surrounding Cupertino.
Sunnyvale, Santa Clara and San Jose still have lots of office buildings that have been empty since the dot-com bust in 2001.
107 months ago
How do you run out of space in a land the size of America? Even in a small city, can't they just make taller buildings?
Sure. After a 3 year environmental study, 4 years of petitioning the city to allow the destruction of a historical place, 2 months to move everything, and another 2 years of implosion and then reconstruction.
107 months ago
$76 billion in cash. Don't see them bouncing the rent check anytime soon.
Who knows how much will be left after the socialists force them to pay taxes on it.
107 months ago
How do you run out of space in a land the size of America? Even in a small city, can't they just make taller buildings?
You need to close the building or significant portions of it to do so; assuming local laws allow the buildings to be altered or made taller to begin with.If they are struggling with capacity issues currently then shutting down an existing building for several months is probably not an option.
If they want to expand the existing buildings capacity it probably makes sense to get the 12,000 person one complete and temporarily relocate people there given its only a few blocks away.
107 months ago
I really think Apple should OWN their new campus & future locations. Adds more wealth in times of need (hopefully that'll never happen again).
$76 billion in cash. Don't see them bouncing the rent check anytime soon.
107 months ago
apple is just going to buy cupertino and use the whole city as headquarters :D
107 months ago
I really think Apple should OWN their new campus & future locations. Adds more wealth in times of need (hopefully that'll never happen again).
Is this even a permanent campus, or are they just leasing it because they need extra space until their new campus is completed?
107 months ago
Apple is just growing at an unbelievable rate, good for them and their stock holders
107 months ago
The real question: will the new neighbours get free wifi?
Simpsons did it! ;) Besides, I've played Bioshock. Can you imagine a Rapture with Steve Jobs in charge? Yeeshh...
they should build an underwater apple campus like in the simpsons.:rolleyes:
Simpsons did it! ;) Besides, I've played Bioshock. Can you imagine a Rapture with Steve Jobs in charge? Yeeshh...
107 months ago
I think Steve has a fondness for the Cupertino Apricot Groves since I've heard him mention them many times. Also at the new spaceship they are going to plant hundreds of new Apricot Groves since the spaceship will not occupy a huge footprint on the land since most parking is underground.
Pretty cool to return the land to the state Steve remembers it in while pushing Apple progressively further into the future. I nice dichotomy of old versus new. The idea of innocence replanted next to the realization of a young mans dream in the late 70s.
btw. that leased office space is ugly..ha
Pretty cool to return the land to the state Steve remembers it in while pushing Apple progressively further into the future. I nice dichotomy of old versus new. The idea of innocence replanted next to the realization of a young mans dream in the late 70s.
btw. that leased office space is ugly..ha
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