News Formal

Big tech companies are selling their Silicon Valley campuses amid struggle

  • 📰 nypost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 67%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

😢

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 91. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Silicon Valley Bank collapse: Startup Ness says companies can learn valuable lessonIn total, investors and depositors initiated withdrawals equating to about $42 billion in deposits from the bank on Thursday alone, causing a run on the bank, according to a regulatory filing. Money never sleeps We bailed out a RIOT LOOTING SUPPORTER. Democrats are CRIMINALS. We bailed out a RIOT LOOTING SUPPORTER. Democrats are CRIMINALS.
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »