Sport & Auto
- About Future
- Digital Future
- Cookies Policy
- Terms & Conditions
- Investor Relations
- Contact Future
We all swooned over the recent disclosure that Apple will soon built a new futuristic, spaceship-style campus not far from their existing one in Cupertino, but since that won’t open until 2015, the company is busy gobbling up the leases elsewhere to keep up with their explosive growth.
MacRumors is reporting that Apple has signed a lease for an office campus at the Results Way Corporate Center, a group of nine buildings with the potential to house up to 1,300 employees. According to The San Jose Mercury News, the city of Cupertino is rightfully thrilled about the news.
“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,” the report said.
"This is all good news for the city," said Kelly Kline, Cupertino's city economic development manager. "Apple is the premier corporation in Cupertino."
Ironically, the move is said to put a “further squeeze” on property in the Cupertino market, according to real estate brokers. Both Cupertino and Mountain View are facing a shortage of office space meeting the needs of Apple, Google, Facebook and others.
“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,” MacRumors concludes.
Needless to say, that’s a pretty good problem to have…
Follow this article’s author, J.R. Bookwalter on Twitter
(Image courtesy of MacRumors)