Google to spend $13 billion on real estate in 2019

Internet giant Google has a growing appetite for real estate, and has pledged to spend some $13 billion this year on new data centers, officers and expansions of existing facilities.

“With this new investment, Google will now have a home in 24 total states, including data centers in 13 communities,” wrote Sundar Pichai, Google’s CEO, in a blog post. “2019 marks the second year in a row we’ll be growing faster outside of the Bay Area than in it.”

The company said it’s planning to build and open new data centers in Nebraska, Nevada, Ohio, and Texas this year, which will be its first presence in those states. In addition, the company also plans to double its existing workforce in Virginia, and expand its Hudson Square, New York City, campus.

According to Pichai, the new construction will create “tens of thousands of jobs” in the building industry in those states, and also in Oklahoma and South Carolina, where it also has data centers.

Google also wants to build new offices in Massachusetts and Texas, and add more space to existing offices in Georgia, Illinois, Washington state and Wisconsin. It will also redevelop two locations it’s currently using in Los Angeles and San Francisco, Pichai said.

The $13 billion Google is pledging to spend on real estate comes after it spend $9 billion on upgrading its facilities in 2018. Last year, it opened and expanding data center facilities in Alabama, Oklahoma, Oregon, Tennessee and Virginia.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Recent Posts

SEO: How to Optimize Your Real Estate Website

Every savvy real estate professional knows that the bulk of your marketing and brand-building efforts…

18 hours ago

Ask Brian: When You Marry Someone Do You Marry Their Debt?

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have…

20 hours ago

What Do Real Estate Attorneys Do For Sellers?

When an attorney for real estate represents a seller, they could be involved in drafting…

1 day ago

ERA CENTRAL GRAPHIC ARTIST DESIGNS LOGO FOR TOYS FOR TOTS 75TH ANNIVERSARY

ERA Central Realty Group announced today that in-house graphic artist Suzi Kelly has been chosen…

1 day ago

LGBTQ+ REAL ESTATE ALLIANCE TO HOST FIRST IN-PERSON CONFERENCE IN LAS VEGAS

The LGBTQ+ Real Estate Alliance will hold Experience: The Alliance, its first national in-person conference…

1 day ago

The real estate pendulum swings again

Galileo was inside the Pisa cathedral in Tuscany, Italy in the early 17th century when…

1 day ago