The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Google To Expand with Large Office Development

Well Google is doing it again.  According to several sources, the internet giant has agreed to pay the city of Mountain View approximately $30 million to lease a 9.5 acre parcel near Shoreline Boulevard.  In the past few years Google’s voracious appetite has nearly soaked up all available Class A space in the region, so it comes as no surprise that it begins to add more new construction projects.  Google plans to work with Ingenhoven Architects, a German firm, to build a “green” office project expected to total nearly 600,000 square feet.

Silicon Valley office space is starting to become a pressure cooker with large companies scooping up any available space.  As reported recently by us, there was a Palo Alto office complex that closed for over $900/SF.  Also with companies like Facebook and high profile REITS in the mix, office prices seem to have only one place to go.

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