Two Major Northern California Lab and Office Campuses Show Long-Term Strength
The downtown San Jose Google 79-acre development currently in planning stages will have 5,900 residential ‘dwelling units’, 500,000 square feet of retail stores, restaurants and cultural buildings, and 7.3 million square feet of office space. In the old days this might translate to 35-45,000 employees, and after Covid is gone may again be at this level. Up the Peninsula in South San Francisco Genentech is moving forward on a 9 million square foot laboratory complex. Sure, we might lose a handful of companies to Boise or Nashville but these two projects cement a multi-billion dollar long term investment in Northern California employees and our way of life. Expensive to live here, sure, but to many of us, worth every cent!
