Apple's new 'spaceship' home wows one and all
US$5b Apple Park draws tourists and helps transform surrounding area as businesses move in, pushing up property prices
Cupertino (United States)
THINGS change when a spaceship comes to town. Tourists stroll by, whipping out their iPhones to get a photo. New businesses move in. And real estate prices go up even more.
Apple's new home in Cupertino, California - the centrepiece being a US$5 billion, four-storey, 2.8 million-square-foot ring that can be seen from space and that locals call the spaceship - is still getting some final touches, and employees have just started to trickle in. The full squadron, about 12,000 people, will arrive in several months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents