Major New Office Leases in Bay Area Totaling 712,000 Square Feet!

Elon Musk asked all his Tesla employees “to spend a minimum of 40 hours in the office per week’ and those that didn’t do so would be fired.  Then yesterday Apple leased 382,484 square feet of office space at Mathilda Commons, 625/655 North Mathilda Avenue in Sunnyvale. Pure Storage today sublet 330,000 sf of plug & play space at 2555 and 2565 Augustine Drive in Santa Clara. I am guessing both of these companies will be expecting their employees to show up at the offce to work as well. The Secound Quarter 2022 in Silicon Valley had a positive 1,750,000 square feet of absorption.