Google Invests in Office Space, Will Spend $7 Billion on Real Estate in 2021

Sundar Pichai Google CEO
Jeff Chiu/AP / Shutterstock.com

Google leadership recently announced that employees would be returning to the offices by September 2021. Now the tech giant is getting ready for the return to work with $7 billion in real estate acquisitions in 2021, Google and Alphabet CEO Sundar Pichai announced Thursday in a Google blog post titled, “Investing in America in 2021.”

See: When These Big Companies Are Planning to Return to the Office
Find: The 10 Industries That Have Been Impacted the Most by COVID-19

The expansion will lead to the creation of at least 10,000 new full-time U.S. jobs, Pichai said. Not all of these jobs will be centered around Google’s and Alphabet’s home state of California, either, although the company will invest more than $1 billion in California offices and real estate.

Google will use some of the space to build out its cloud business with data center expansions across the country, including locations in Nebraska, Ohio, Texas and Nevada, as well as a new cloud engineering site in Durham, N.C. and the first U.S. Google Operations Center in Southaven, Miss., Pichai wrote in the announcement.

More From Your Money
Sponsors of

See: Ranked — The Best States for Millennials to Buy a Home
Find: Will Major U.S. Companies Ever Fully Re-Open Offices? CEOs Are Divided

The company also plans to make room for increased hiring in cities like Atlanta and Chicago and in secondary markets including Texas and Mississippi, Pichai said.

The company will add office space and thousands of new roles in offices in Atlanta, Chicago, Washington, D.C. and New York. “This will help bring more jobs and investment to diverse communities as part of our previously announced racial equity commitments,” Pichai stated in the announcement.

He also wrote, “I believe a lasting economic recovery will come from local communities, and the people and small businesses that give them life.”

More from GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
Google Invests in Office Space, Will Spend $7 Billion on Real Estate in 2021
Close popup Live Richer Newsletter

We're here to help you Live Richer.

Sign up to receive our daily weekday newsletter with the latest finance and lifestyle content.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.