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It is Definitely Not A Good Sign When Major Corporations Start Selling Their Campuses

Jan 25, 2021 | Posted by Jeff Weil | Accounting, Bay Area Housing, California Economics, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, Newsletter, Office Furniture, Office Space, Pandemic, Real Estate Landlords, Residential Real Estate, Residential Real Estate Agents, Technology, The Office Market, Trends, U.S. Economics, Workspace, World Economy |

Last week Oracle placed three of their Peninsula office buildings on the for-sale market, after announcing a few weeks ago they were moving their headquarters to Texas. Now NetApp just announced they will sell their 702,200 square foot Sunnyvale office campus. They have not announced leaving California…yet.  I started researching all the links to states that were offering inducements/incentives to companies considering relocating out of California. Varying states offer training, 50% property tax reimbursement, no-tax jurisdictions, $10,000 cash per employee for new home buyers, a number of states boast no income taxes, and on and on…I tried to find similar sites for California to woo companies to their state, but I am still looking..

Post Views: 272
Tags: #californiarelocating
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Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, Ca 94507
CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • officetimes.com

Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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