HomeTechGoogle quadruples its office space in Miami – who’s next?

Google quadruples its office space in Miami – who’s next?

Earlier this year we learned that both Google co-founders purchased homes in Miami, part of the influx of the billionaire exodus from California and New York that our region has benefited from.

Now Bloomberg and other outlets are reporting that Alphabet is more than quadrupling its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area.

Alphabet signed a lease this spring to expand its 10,000 square feet at 1450 Brickell to 45,000 square feet, Bloomberg first reported according to its sources. Those sources told Bloomberg the expansion was partly driving by the residential real estate purchases. Google has not commented on the news.

While the enlarged Miami office space of course pales in comparison to the tech giant’s office space in California and New York, it’s a welcome sign that Google intends to expand its business presence in Miami at a time when the Miami tech community is growing, welcoming founders and investors. Brin surprised the tech community by speaking at a hackathon at The LAB Miami in March.

Stay ahead of Miami Tech

Join 16,000+ founders, investors, and tech professionals.

Check your inbox for a confirmation email.

Over the past year, Page has bought $188 million in properties in Miami’s Coconut Grove neighborhood, including a waterfront compound purchased for $101.5 million, according to Real Deal Miami’s report. In March, Brin paid $51 million for LVMH CEO Michael Burke’s waterfront Miami Beach home. They both remain on Google’s board and  retain majority voting control of the firm. Google established its Miami office a decade ago, according to Real Deal.

In February, Palantir announced its headquarters relocation from Denver to Miami after CEO Alex Karp had quietly bought residential real estate here last year, and other billionaires including Mark Zuckerberg have also purchased residential real estate.

This story may be updated.

READ MORE IN REFRESH MIAMI:

I am a writer and editor with extensive media experience and a passion for journalism and serving the community. Most of my career has been spent with the Miami Herald in business news, and my expertise is writing about tech and entrepreneurs. I love hosting this blog for Refresh Miami and we aim to be the go-to site for South Florida startup and tech news, features and views. Have news? Contact me at ndahlbergbiz@gmail.com. Thanks for reading!
Nancy Dahlberg

 

Must Read

spot_img