Google is adhered to spread its hold in San Francisco. Bizjournal reports that, “Search engine giant Google has agreed to lease 210,000 square feet at San Francisco's Hills Plaza, a deal that could potentially draw more than 800 of the high-flying company's workers to the South of Market waterfront. Under the terms of the blockbuster agreement, Google (NASDAQ: GOOG) would sublease three lower floors at 345 Spear St. from Gap Inc. for about $35 a square foot.”
The Bizjounal further reports “In the past 12 months, Google rivals Microsoft and Yahoo have expanded in the city, and 125 other firms, a mix of so-called web 2.0 startups and battle-scarred dot-com survivors, have filled more than 1.5 million square feet. The massive Google deal will only increase the velocity of the tech explosion and, just five years after the dot-com crash, is a testament to the strength of the market.”
Read the full report here.
Recommend this story
Navneet Kaushal, CEO PageTraffic is a trusted authority in the search engine marketing industry. He is a featured author at Web Pro News, Search Newz, Promotionworld, Website Notes, DevWebPro, SEO Article and Web Help Now among many others.
Follow Navneet Kaushal on Google +.
@pagetraffic
{ 1 comment… read it below or add one }
I wonder what happened to this deal? With the recent lay-offs even from the mighty Google, subleasing office space such as this has tailed off in San Francisco recently.