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foot office building in Sunnyvale
9to5Mac • • technology
Key Points:
- Apple has leased a 125,800-square-foot office building at 580 North Mary Avenue in Sunnyvale, marking its first major real estate move in the area for 2026.
- This expansion follows Apple's significant 2025 investments, which included over $1 billion spent on acquiring more than 1.5 million square feet of office and lab space across the South Bay.
- Notable 2025 acquisitions include the Cupertino Gateway complex for $166.9 million, Mathilda Commons campus for $350 million, Mathilda Campus for $365 million, and additional buildings along Stevens Creek Boulevard for $216 million.
- Office vacancy rates in the South Bay are improving, with a 14.1% vacancy reported in Q2 2026, down from 14.8% in Q4 2025 and 16.2% in Q2 2025, indicating a recovering office leasing market.
- Amazon is also expanding in Sunnyvale, leasing 316,600 square feet at 1000 Enterprise Way, highlighting increased corporate leasing activity in the region.
