that Apple had pre-leased 5407 Stevens Creek, citing a report earlier that year from Cushman & Wakefield. But Cushman later found out the tech giant hadn't actually pre-leased the building, said Joshua Deale, a spokesman for the firm. The brokerage quietly corrected its earlier report in the third quarter last year.
An Apple representative declined to comment on prior reports the company had pre-leased the building. The structure at 5407 Stevens Creek replaced an IHOP restaurant that was formerly on the site. In addition to its office space, it will have a two-story 133,490-square-foot underground parking garage, according to Peery Arrillaga's website.
The building is nearing completion amid an uncertain market for Bay Area office space. With the Covid-19 pandemic still lingering and many office workers continuing to frequently work from home or remotely, many local companies — most notably Meta Platforms Inc. —Economic and Mayors' Forecast - 2023 Join 4 local Mayors as they discuss the economic outlook for Silicon Valley. The event opens with a presentation from Bank of America's Senior US & Global Economist, Aditya Bhave.The Business Journal is looking for the most influential women in the Silicon Valley to honor in our prestigious special publication and event.
Sverige Senaste nytt, Sverige Rubriker
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