Apple has, once more, increased its office space in Silicon Valley, doling out $162 million for a building in Sunnyvale at a sizable discount.
Massive companies like Apple have a vested interest in expanding its property portfolio, creating space for its various projects to be worked on. After spending over a billion dollars in Sunnyvale and Cupertino over the last year, it has added one more building to its growing collection.
The office building at 684 W. Maude Avenue in Peery Park was subleased by Apple a year ago, but ConnectCRE reports it's since been bought. The publication cites a Newmark Silicon Valley market report indicating the deal to buy the building closed in late 2025.
Less than a mile from other Apple-owned Sunnyvale office buildings, the purchase nets Apple a building with 194,624 square feet of space across four floors. The purchase was for just $162.2 million, which is pocket change for Apple.
However, it did manage to get the building for a much lower price than when it was previously sold. Union Investment Real Estate and Metzler Real Estate Advisors had acquired the building in 2022 for $222 million, reports The Real Deal, making Apple's purchase a 26.9 percent discount three years later.
LinkedIn had leased the property at the time of the 2022 sale. It is unknown if the social network actually moved in.
An expensive property year
Apple has a habit of acquiring properties on Silicon Valley real estate, and frequently does so after leasing the building beforehand.
Other purchases in the area in 2025 alone include a $350 million two-building campus in North Mathilda in Sunnyvale. It was closely followed by another four-building Mathilda campus for $365 million, just next door.
There was also another $160 million spent on a 220,700 square-foot building in the Tantau office complex, close to Apple Park.
Apple isn't the only company buying up offices in the Bay Area, though it is capitalizing on a trend. In July 2025, San Francisco was dealing with a vacancy rate of over 30 percent, with Sunnyvale at 18 percent.
Overall, Apple owns or leases at least 15 buildings in the Sunnyvale area. With Apple continuing to grow and consume more space, it certainly won't stop there.