March 6, 2015 at 00:20The largest technology companies are buying real estate in the western USA
According to Vedomosti, the largest US technology companies are buying up large areas of land and other real estate in the western United States in the San Francisco Bay area and southern California.
Thus, they strive to maintain their growth - to invest available funds now, before the price increases, and to support the future expansion of the staff.
Apple is building a huge office in a futuristic style on land worth $ 430 million, which the company acquired about 5 years ago.
Since 2005, Google spent on real estate in the amount of $ 2.5 billion; last 2014 alone, paying more than $ 1 billion for 19 properties in Silicon Valley. The company plans to build a building with an area of over 230,000 square meters. m
Salesforce Inc. in November 2014 paid $ 640 million for a 41-story tower.
In December 2014, LinkedIn professional network acquired a small real estate complex for $ 79 million, which it plans to develop later.
Facebook in this race recently - in February of this year, Mark spent $ 395 million to buy a complex of storage facilities and office buildings in Menlo Park, 50 km from San Francisco.
Leading companies in the industry are growing very fast. Last year, Google’s staff increased by more than 10% - now the company employs 53,600 employees, and Facebook employed almost half of the existing staff over the same period - an increase of 45% to 9199 people.
Thus, they strive to maintain their growth - to invest available funds now, before the price increases, and to support the future expansion of the staff.
Apple is building a huge office in a futuristic style on land worth $ 430 million, which the company acquired about 5 years ago.
Since 2005, Google spent on real estate in the amount of $ 2.5 billion; last 2014 alone, paying more than $ 1 billion for 19 properties in Silicon Valley. The company plans to build a building with an area of over 230,000 square meters. m
Salesforce Inc. in November 2014 paid $ 640 million for a 41-story tower.
In December 2014, LinkedIn professional network acquired a small real estate complex for $ 79 million, which it plans to develop later.
Facebook in this race recently - in February of this year, Mark spent $ 395 million to buy a complex of storage facilities and office buildings in Menlo Park, 50 km from San Francisco.
Leading companies in the industry are growing very fast. Last year, Google’s staff increased by more than 10% - now the company employs 53,600 employees, and Facebook employed almost half of the existing staff over the same period - an increase of 45% to 9199 people.
In the event of a market drop, technology companies run the risk of being left with depreciated and unclaimed real estate. This has already happened in the era of the dot-com boom, when companies from San Francisco and Silicon Valley were in a hurry to buy space for the future, planning for exponential growth. However, when the Internet bubble burst, they were left with illiquid office space, which was accompanied by a sharp decrease in the number of tenants.