Apple Inc. (NASDAQ:AAPL)'s forthcoming spaceship style campus won't be unveiled for at least four years, but that hasn't stopped the company from expanding out a little.
As previously reported, there are far more Apple Inc. (NASDAQ:AAPL) employees than there is space for everyone to work in. That's why many of the employees have to take their projects elsewhere. Mercury News reported that Apple is expanding to a two-building campus in Santa Clara. The company also has a second campus in Sunnyvale.
So far there is no word if these campuses are permanent or not. One report from Mercury News stated that Apple Inc. (NASDAQ:AAPL) was hoping to sign on to short term leases but ended up with long-term leases instead.
The new buildings are said to be about six stories high and the first one (which is due to be completed in less than two years) will measure 188,000 square feet. The second building will measure 108,000 square feet.
Neither building is as large or grand as the highly anticipated space ship campus which is reported to measure 2.8 million square feet and hold approximately 12,000 employees.
Senior VP for Cornish & Carey Commercial Newmark Knight Frank, Todd Shaffer said, "What Apple Inc. (NASDAQ:AAPL) is doing is one of the highest levels of expansion we have seen for any company. This Santa Clara project is a build-to-suit for Apple. You don't go to that level of commitment, unless you have a longer-term plan to occupy that building."
Creative Strategies analyst Tim Bajarin added, "Apple Inc. (NASDAQ:AAPL) is doing well, which is why have these aggressive expansion plans. "You cannot underestimate Apple's ability to achieve innovation. Their products are in demand. They continue to hire."
Does this mean Apple Inc. (NASDAQ:AAPL) has a big project or two in the near future? That may be the case, especially if the rumors regarding Apple's rumored television set. For now, we will have to wait and see what Apple does next.