Dive Brief:
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Google spent twice as much on construction and remodeling between 2004 and 2014 than all of the homeowners in its headquarters city of Mountain View, CA, combined.
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An analysis of the city’s building permits by contractor referral site BuildZoom showed that Google, which has 53,600 employees total and 20,000 in the Mountain View complex, spent more than a half billion dollars on building and renovating its enormous headquarters and local businesses it owns, including stores and restaurants.
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The megacorporation owns or leases 75 properties in Mountain View, according to Forbes.
Dive Insight:
Google isn’t the only tech giant with an oversized construction budget. Forbes reported that Apple is spending $5 billion on a new headquarters six miles away from Mountain View in Cupertino, CA. And Salesforce is spending $690 million to lease and renovate a new tower in San Francisco.