Amid all-time low vacancy rates in Silicon Valley, and as remote work continues, Intel and Analog Devices are looking to offload their California campuses.
As San Francisco commercial occupancy reached an all-time low in the last couple years amid the pandemic, a new reality has set in for Silicon Valley.
While a listing price is not publicly available, the building is valued at $193 million, according to“As a hybrid-first company, we are continuing to assess and optimize our space utilization to create more vibrant workspaces for our employees when they are on-site, while also achieving cost reductions,” Addy Burr, with Intel Corporate Communication, told The Post in a statement.
Meanwhile, Analog Devices — specializing in data conversion and signal processing — is also seeking a buyer for its 320,000-square-foot campus in Milpitas, located 15 minutes from the Intel building.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Easy Loans, Great Service: Why Silicon Valley Loved Silicon Valley BankSilicon Valley Bank used financial sweeteners to attract clients, powering growth for decades—leaving the sector vulnerable when the bank collapsed
Read more »
Pension funds report millions in losses amid Silicon Valley Bank collapseThe losses in California, Ohio and North Carolina represent a fraction of the losses suffered by a Swedish pension fund representing over 2.6 million people that invested over $1.1 billion in Signature and Silicon Valley Bank.
Read more »
Silicon Valley Bank collapse: Startup Ness says companies can learn valuable lessonIn total, investors and depositors initiated withdrawals equating to about $42 billion in deposits from the bank on Thursday alone, causing a run on the bank, according to a regulatory filing.
Read more »
Silicon Valley Bank, Signature Bank executives gave thousands to Democrats and RepublicansBefore going down in history as two of the largest bank failures in the U.S., executives for Silicon Valley Bank of California and Signature Bank of New York were political donors who steered their money toward people who influence financial services laws.
Read more »
Justice Dept, SEC probing collapse of Silicon Valley BankThe bank collapse was the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Read more »
Credit Suisse chaos, Silicon Valley Bank collapse: What you need to knowGlobal stocks fell sharply on Wednesday, with embattled Credit Suisse tumbling to a new low, on renewed investor concerns about stresses within the sector triggered by Silicon Valley Bank's sudden collapse.
Read more »