YouTube bought a new property for $215 million in San Bruno with 553,000 square foot size. Currently, the building still has tenants from Walmart Labs, Oracle and other smaller companies. YouTube still do not reveal any of their plan for the big new office, but they said it is to cater the growth of their employees not for investment.
We like all our tenants, but we need the space. The reality is that virtually everything we’ve bought ultimately has the goal of occupancy, not as an investment – Google