Google’s building in Seattle’s South Lake Union. (GeekWire file photo / James Thorne)
Google’s footprint in Seattle continues to grow.
Alphabet-owned high-tech giants have signed a deal to buy land at a car dealership site in Kirkland, Washington, a spokesman confirmed Thursday.
Business Insider and Bloomberg reported the news last week. The King County record, acquired by GeekWire, is 11845 NE 85th St, home of Lee Johnson’s car dealership. Shows that about 10 acres of land have been sold. There is no purchase price yet.
Google didn’t provide any further details. According to a spokeswoman, the site aims to support Google’s future growth in the region.
Google’s latest expansion this year is even in a pandemic where some companies are being forced to withdraw physical office space due to a shift to remote work.
Headquarters death?Pandemics hurt commercial real estate, but long-term trends are still controversial
Google has preyed on most of the new Kirkland urban development, just down the street from the car dealership site. Earlier this year, I bought the Kirkland Urban East Plot for $ 40 million.
Last year, Google purchased approximately 400,000 square feet of office space across the north and central buildings of Kirkland Urban. We paid $ 435.7 million for these two buildings.
Google already has a huge, independent campus in Kirkland, a suburb of Seattle, where the Mountain View, California company first opened its store 16 years ago.
Since then, Google has grown to over 2 million square feet of office space in several cities in the region, including the Google Cloud campus in the Amazon backyard of Seattle’s South Lake Union, which opened last year.
From Android technology to cloud computing, Google has a total of more than 5,750 employees in the region. We have over 100 recruiting jobs based in the Seattle area.
This expansion is achieved by other companies reducing their physical space. Seattle outdoor retailer REI is another Silicon Valley giant that continues to grow its presence in the region in August with a new headquarters complex in nearby Bellevue for $ 376 million. Sold to Facebook.
Downtown Seattle-based Amazon said it would add another 10,000 jobs to its growing Bellevue hub in September.
Kidder Matthews reported that Seattle office vacancy rose to 7% in the third quarter, compared to 4.56% on the East Side, which includes cities such as Kirkland, Redmond and Bellevue.
Google allows employees to work remotely until July 2021 and is considering a hybrid model for future work. According to a July Google employee survey, most people want to return to the office for at least a few days.
Based in Redmond, Washington, Microsoft has developed a unique hybrid workplace policy that allows employees to have a more flexible remote work schedule and move to other parts of the country.
Google CEO Sundar Pichai said in April that hiring would be delayed due to the economic crisis. We also cut our marketing budget in late 2020.
Alphabet patrolled historical estimates of revenue for the third quarter with revenue of $ 46.17 billion. Alphabet’s share has risen by more than 60% since March.
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