Apple Wants To Lease 700,000-800,000 Square Feet Of New Space In Sunnyvale


While Apple is moving forward on plans for its 2.8 million square feet campus in Cupertino, its interim space needs continue to grow, although the company leased 373,000 square feet space in Cupertion half a year ago and soon aftter expanded its presence in New York City to over 50,000 square feet.

Now The San Jose Mercury News reports that Apple wants to lease between 700,000 and 800,000 square feet of space in Sunnyvale that is adjacent to the Apple’s hometown of Cupertino.

The report said that Apple has already agreed to lease a four-building complex totaling 215,000 square feet in Sunnyvale. Apple is said to start moving into the new complex, which is approximately 7 miles from the Apple’s corporate campus by the end of the first quarter.

Also the company leased more than 100,000 square feet in another complex. According to estimates, leased buildings could accommodate about 1,300 employees, and if the company could lease the space it is looking for, that would be enough to accommodate about 3,000 its employees. Chad Leiker, a vice president of realty firm Kidder Mathews, said:

"Apple seems to be gobbling up everything they can. They are taking a ton of space."

For a long time Apple has been overflowing its main corporate campus, leasing and purchasing space around the campus and elsewhere. Its plans for new large campus aimed at allowing the company to consolidate its space needs, currently covered by leased offices, into a single company-owned building. But the construction of the new campus is yet to begin, so the company will have to lease new space during the next several years to handle its continuously expanding workforce.

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Written by maxim

Friday, January 13, 2012. 16:28

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