Hunter Strategies LLC logo

Microsoft News Tracker

What's more interesting than observing Microsoft?

February 9, 2006

Microsoft plans to expand Redmond campus by one third by 2009

Posted by David Hunter at 3:39 PM ET.

Press release:

Microsoft Corp. today announced it will accelerate campus development plans and spend $1 billion over the next three years to expand its Redmond campus by one-third its current size. Roughly half of the development agreement, approved by the city of Redmond in May 2005 to expand Microsoft’s Redmond campus over the next 15–20 years, will now be fulfilled by 2009, making the company’s Redmond campus one of the largest corporate campuses in the world.

A total of 14 buildings will be added to the campus. Seven buildings will be new and seven have been purchased. Coupled with leased spaces, they will provide the capacity to house approximately 12,000 people based on the current conceptual layout. By June 2009, 3.1 million additional square feet will be available.

Almost half of Microsoft’s worldwide employees work in the Puget Sound area. The company employs over 30,000 workers in the region and another 33,000 globally. In this fiscal year the company expects to add approximately 4,000–5,000 net employees to its work force. It expects approximately 40 percent of the net additions will be in the U.S., and of those a vast majority will be in the Puget Sound region.

A Q&A is here.



Filed under General Business, Real Estate

Related posts:

 

One Response to “Microsoft plans to expand Redmond campus by one third by 2009”

  1. Microsoft’s Redmond campus has growing pains -- Microsoft News Tracker Says:

    [...] The NY Times’ Kristina Shevory noticed Microsoft’s building boom in Redmond (See also [1]) and has a report on Microsoft’s growing pains: In the midst of its biggest expansion in nearly a decade, the world’s largest software company has suddenly found itself with a major setback: not enough room to grow. [...]

News Search:

Recent Posts:

Daily Digest Email:

Enter your Email


Powered by FeedBlitz

Categories:

Full category list

Archives:

Archive List

RSS Feed:



HunterStrat Links:

Other:

  • Powered by WordPress.

Advertisements:


 

Related:


Misc: