Google – A Gigantic Example of an Office Space Owner/Occupier

Google signed a $1.8 billion contract to purchase 111 Eighth Avenue in the meatpacking district. The deal is the largest US commercial real estate purchase by a tenant ever. Google currently occupies about 500,000 square feet in the building and plans to expand.  Google’s purchase sets a huge example of how companies are better off owning their office space, rather than renting.