Google to triple California real estate spending to $3.5 billion in 2022


Google plans to spend more than $3.5 billion on California offices and data centers in 2022, despite its shift to a hybrid work model where most employees stay home for part of the week.

The company said Wednesday that expansion would benefit employees, who were required to return to the office part-time last week.

“Google’s offices and data centers provide vital anchors to our local communities and help us contribute to their economies. As we embrace more flexibility in how we work, we believe it’s more important than ever to invest in our campuses and that doing so will make for better products, a greater quality of life for our employees, and stronger communities,” said Google CEO Sundair Pichai in a statement.

The company won approval last year for its massive Downtown West project near Diridon Station in San Jose, which calls for 4,000 new homes, more than 7 million square feet of offices and 15 acres of parks and outdoor space. It plans to submit plans this year for site preparation and infrastructure improvements.

Google agreed to a $200 million community benefits agreement that includes job training, homelessness assistance and small business support.





Read More:Google to triple California real estate spending to $3.5 billion in 2022

2022-04-15 00:06:43

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