Apple Places $1 Billion Bet on the South Bay

Apple’s South Bay real estate shopping spree continues. The tech giant just dropped a cool $365 million on a four-building campus along North Mathilda Avenue in Sunnyvale. That’s 663,000 square feet they were already renting, now officially theirs. It makes it about $550 per square foot, which doesn't seem that bad!  Until you realize there's 663k of those square feet. 

And this isn’t a one-off splurge. Last month, they grabbed the property next door for $350 million, then casually scooped up another Cupertino complex for $166.9 million. Toss in the De Anza and Results Way campuses, and Apple’s recent South Bay haul is flirting with the $1 billion mark in just a few months. 

What does it all mean? Some think this is more than just empire-building; it’s Apple planting a big flag in the “in-office work life is back” camp. The data backs it up, with return-to-office rates in the San Jose area now at 51.5 percent.

Apple’s not just buying real estate. They’re making a big, shiny bet on the future of Silicon Valley’s work culture.

Translation: Apple’s doubling down on in-person work.

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