The largest technology companies are buying real estate in the western US

According to Vedomosti, the largest US technology companies are buying 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 free funds now, before prices rise, and to support future staff expansion.

Apple is building a huge futuristic office on a land worth $ 430 million, which the company bought about 5 years ago.

Google since 2005 has spent on property in the amount of $ 2.5 billion; in 2014 alone, paying more than $ 1 billion for 19 sites in Silicon Valley. The company plans to build a building with an area of ​​more than 230,000 square meters. m
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Salesforce Inc. in November 2014 paid $ 640 million for the 41-storey tower.
The professional network LinkedIn in December 2014 acquired a small complex of real estate 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 warehouse 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 in the same period almost half of the existing staff was hired on Facebook - 45% to 9199 people.

In the event of a fall in the market, technology companies risk remaining with depreciated and unclaimed real estate. This has already happened in the era of the dotcom boom, when companies from San Francisco and Silicon Valley were in a hurry to purchase space for future use, planning exponential growth. However, when the Internet bubble burst, they remained with illiquid office space, which was accompanied by a sharp decrease in the number of tenants.