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And yet most Bay Area techies continue to discuss these trends as something that could happen but probably won't The train left the station years ago, Google s
by claydavisss 6y ago
And yet most Bay Area techies continue to discuss these trends as something that could happen but probably won't
The train left the station years ago, Google seems to be the only company doubling-down on Commercial Real Estate in the Bay Area and they will surely also soon start to backpedal...what demand is there for their San Jose megacampus? This in addition to buying up old Cisco properties, Moffett Field, other new construction, and now the proposal of yet-another "company town" in Mountain View? Someone needs to have a talk with whoever there thinks Commercial Real Estate is a good hedge in 2020.
- strawberrypuree 6y agoGoogle plans far beyond 2020, and far beyond this pandemic. Further, these deals were closed long before this year. Work culture will change for sure, and the layout and form that commercial real estate takes will change too, but it’s far too early to say that the space they’re getting is not worth the investment.
- claydavisss 6y agoShort of their headcount rising to 500k, I don't see how they can ever fill the space. They are also going crazy in other cities - the new marquee skyscraper in Austin will be a Google building (yes I know they are not the only tenant)...right next to the other skyscraper with the Google logo on it. Likewise in other cities. I predict that the San Jose campus will be ditched. Given that HSR to San Jose may never happen or at best be delayed for years, there's no reason for Google to continue with the project (which was sold as a big "transit" focused campus). The land will be sold for a profit though.