Google, which has laid off thousands of workers and faced more than $550 million in real estate exit costs, is offloading 1.4 million square feet of offices in Silicon Valley.
The Mountain View-based search giant has listed seven office buildings in Mountain View and Sunnyvale for sublease, San Francisco Business Times reportsciting a checklist pamphlet.
The Alphabet subsidiary suspended its Transit Village on the West Side of downtown San Jose this spring, cutting costs in the age of remote work.
In January, the tech giant announced it would Lay off 12,000 workersinclude More than 1,600 locations in the Bay Area, the largest layoff ever. First quarter, Alphabet Announced $564 million in lease exit costs.
According to The Business Times, real estate downsizing in its 31.1 million-square-foot Bay Area offices will drop by nearly 1.4 million square feet, or 4.5%.
Google lists seven office buildings for subleases:
- A 190,000-square-foot building at 600 Clyde Avenue in Mountain View. Vacant offices owned by Renault & Handley are available until August 2031.
- A 151,000 square foot building located at 620 National Drive in Mountain View. The vacant office owned by Preylock Holdings will not open until May 2029.
- 227,600 sq. ft. Building A at 1000 Enterprise Way on the Moffett Park campus in Sunnyvale, owned by Jay Paul Corporation.
- 317,200 sq. ft. Building B at 1020 Enterprise Way in Sunnyvale.
- 192,500 sq. ft. Building B at 1050 Enterprise Way in Sunnyvale.
- It formerly occupied a 26,600-square-foot R&D building at 1215 Bordeaux Drive in Sunnyvale.
- and a 222,000-square-foot building at 750 Moffett Boulevard in Mountain View. The vacant building is being developed by Broadreach Capital Partners.
The company’s Bay Area footprint spans 27 million square feet of office and R&D space in Silicon Valley, 2.5 million square feet in the Peninsula and 1.6 million square feet in San Francisco, unnamed sources told The Business Times.
“As we work to ensure our real estate investments meet the needs of our mixed workforce, we are terminating leases on some vacant spaces. We remain committed to our long-term presence in the Bay Area and investing in local communities,” a Google spokesperson told the paper .
— Dana Bartholomew