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Big tech companies are selling their Silicon Valley campuses amid struggle

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Amid all-time low vacancy rates in Silicon Valley, and as remote work continues, Intel and Analog Devices are looking to offload their California campuses.

As San Francisco commercial occupancy reached an all-time low in the last couple years amid the pandemic, a new reality has set in for Silicon Valley.

While a listing price is not publicly available, the building is valued at $193 million, according to“As a hybrid-first company, we are continuing to assess and optimize our space utilization to create more vibrant workspaces for our employees when they are on-site, while also achieving cost reductions,” Addy Burr, with Intel Corporate Communication, told The Post in a statement.

Meanwhile, Analog Devices — specializing in data conversion and signal processing — is also seeking a buyer for its 320,000-square-foot campus in Milpitas, located 15 minutes from the Intel building.

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