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Technology

Look what Apple has leased

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By Steven M. Peters Updated Published
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314,000 square feet of industrial manufacturing space in Milpitas, Calif., does not an auto factory make.

 

From Janice Bitters, commercial real estate reporter, in Friday’s Silicon Valley Business Journal:

Apple Inc. has signed a major lease for nearly 314,000 square feet of industrial manufacturing space at McCarthy Creekside, a brand-new, multiphase development in Milpitas, according to real estate records…

In the most recent McCarthy Creekside deal with Apple, the tech titan is rumored to be paying around $0.90 per square foot…

The first 136,000-square-foot building in the development was leased earlier this year to electric vehicle maker SF Motors, the U.S. Subsidiary of Chinese automaker Sokon Industrial Group.

My take: The clues are intriguing, but let’s not jump to any conclusions. By comparison, Tesla’s car factory in Fremont, below, fills 5.3 million square feet of manufacturing and office space.

milpitas tesla

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