The Real Deal Miami

Apple grows its real estate portfolio by 31 percent

November 01, 2012 03:00PM

An Apple store

The amount of real estate the tech giant Apple owns or leases has increased 31 percent in the past year, the San Jose Business Journal reported, based on the publicly traded company’s annual report, filed Wednesday.

The firm occupies 17.3 million square feet of space, the report said, with 10.9 million of those leased. Last year, in the third quarter, Apple occupied 13.2 million square feet, and leased about 7 million square feet, the Business Journal said.

Apple is planning a $100 million Cupertino campus, to open in 2015, as reported. It was unclear how much of the increase in real estate holdings was related to that project, which has been dubbed “the spaceship.” [San Jose Business Journal] –Guelda Voien