The largest chunk of it – about 25% – helps fund the local elementary school. The campus, often called the "spaceship" thanks to its circular main building, houses thousands of Apple employees and incorporates renewable energy and green space to make a truly unique corporate space. Usually, the market value of a building is similar to the cost of its construction plus the land it occupies, said Santa Clara county assessor Larry Stone. “And of course, they’re a major employer – so that’s another benefit to the county.”. How much is Apple’s spaceship headquarters worth? Abigail Hess @AbigailJHess. Apple has announced that it will begin moving staff into its new $5 billion (£4 billion) headquarters in April, opening a futuristic campus that has been more than six years in the making. In its most recent quarter, Apple reported $58 billion in revenue and $11.5 billion in net income. Select your country or region to learn about the latest products, view news, and receive support from Apple, all in your preferred language. PG&E and Google were the next highest. Apple Park is less than half the size of the massive Pentagon, the headquarters of the U.S. military in Arlington, Va., which sprawls across 6.5 million square feet. The new headquarters, designed by Lord Norman Foster and costing roughly $5 billion, will house 13,000 employees in over 2.8 million square feet of office space and will have nearly 80 acres of parking to accommodate 11,000 cars. America’s tallest spire, the 1,776-foot One World Trade Center in New York, cost $3.9 billion to build, according to the Port Authority of New York and New Jersey, which owns the building, and is 3.5 million square feet. Apple's new 175-acre 'spaceship' campus dubbed "Apple Park" is nearing completion and is set to begin moving in Apple employees. Published Mon, Oct 9 2017 9:55 AM EDT Updated Tue, Oct 10 2017 4:22 PM EDT. Moreover, Apple benefits from a tax-incentive deal with the city of Cupertino, which has given almost $70m in sales-tax collections back to the company over the past 20 years, Bloomberg reported. It also invested $75m to improve infrastructure and ease traffic in several nearby cities. Looking for a heat lamp for outdoor dining in the Bay Area? He is the author of “Good Luck Have Fun: The Rise of eSports," a 2016 book on the history of the competitive video game industry. His hobbies include swimming and urban photography. Good luck. Based on their estimate, the new Apple headquarters would cost more than $1,500 per square foot, three times higher than the cost of the majority of the top-of-the-line corporate towers in New York. Coincidentally, that tower is connected to an Apple store with a famous glass cube, though it’s been closed for renovations. Shuttle buses file into the pick up area for Apple employees at Apple Park in Cuppertino, Calif. Wednesday, Jan. 31, 2018. The total cost of the construction project was estimated at about $5 billion. That pricey backdrop is again replicated in Apple's new headquarters in Cupertino, California. CUPERTINO, CA - APRIL 28: An aerial view of the new Apple headquarters on April 28, 2017 in Cupertino, California. Before moving to the Bay Area in 2015, he studied and worked in New York. Apple Park is among the world’s dozen most expensive buildings, despite its relatively modest four-story height. “But at the end of the day, it’s an office building,” Ginsborg said. The valuation doesn’t perfectly coincide with its market value — how much it would sell for — but is based off a detailed appraisal of the building, which opened in 2017. Based on the valuation by Santa Clara county, Apple will owe over $40m in property taxes each year in California. Apple’s donut-shaped headquarters in Cupertino, California has been valued at $4.17bn, according to a new assessment this week – making it one of the most expensive buildings in the world. Here are 11 cool ones to check out right now. The campus also contains North and South Testing Buildings, which cost $31,492,000 and $72,350,000, respectively. The new headquarters, designed … Roland Li covers commercial real estate for the business desk, focusing on the Bay Area office and retail sectors. “Every component in that building was custom,” said David Ginsborg, Santa Clara County deputy assessor. More recent figures weren’t immediately available. Parking: Public parking accessible from both North Tantau Ave and Pruneridge Ave. Public Transit: Caltrain to the Santa Clara Transit Center, transfer to VTA line 53 bus westbound to Homestead & Swallow. Apple’s donut-shaped headquarters in Cupertino, California has been valued at $4.17bn, according to a new assessment this week – making it one of the most expensive buildings in the world. Photo: Mason Trinca / Special to The Chronicle 2018, Invited guests, analysts and press gather at new Steve Jobs Theater on the Apple Park campus in Cupertino Tuesday for Apple's annual unveiling of its latest iPhone modles. The intricately designed ring – which incorporates treated glass, and specially designed tiles – is surrounded by pines from the Mojave Desert. Apple's new 175-acre 'spaceship' campus dubbed "Apple Park" is nearing completion and is set to begin moving in Apple employees. Apple Park was assessed at more than twice the amount of Salesforce Tower, San Francisco’s tallest building, which was valued at $1.7 billion by San Francisco. Singapore’s Marina Bay Sands resort reportedly topped $5 billion in costs, while Finland’s Olkiluoto 3 nuclear reactor exceeded $6 billion. It would surpass the amount of money spent building the World Trade Center at $3.9 billion. The company is required to pay about 1% in property tax, per California law. Now we have the answer. Here’s how much every inch of Apple’s new $5 billion campus cost to build. It would surpass the amount of money spent building the World Trade Center at $3.9 billion. “And so we were able to put a number on it.”. The headquarters, which cost Apple $5 billion, has a visitor center and store for tourists looking to check out the campus or buy official Apple apparel and merchandise available only there. An additional 15% funds the local fire fighting services. Salesforce Tower has about half as much office space as Apple Park, despite being 57 stories taller. Beyond its giant 2.8 million-square-foot size, Apple Park’s high-end materials, abundant glass and intricate design make it a standout in Silicon Valley, home to some of the world’s most valuable real estate. Apple Park As part of its Apple Park development agreement, the company paid $5.85m into an affordable housing fund. But unlike Apple, the Department of Defense doesn’t pay taxes. David Ginsborg, deputy assessor of Santa Clara county, where Cupertino is located, said that the unconventional 2.8m sq ft property was a challenge to evaluate. With property taxes around 1%, Apple would owe around $40 million annually. But critics have argued that the amount – a tiny fraction of the company’s revenue – does not offset its contribution to the housing crisis and homelessness. Apple Park officially opened in April 2017 and has served as the headquarters of Apple, Inc. since then. The city of Cupertino directly receives 6% for discretionary spending. “I mean, every bit of it is custom,” he said. Based on their estimate, the new Apple headquarters would cost more than $1,500 per square foot, three times higher than the cost of the majority of the top-of-the-line corporate towers in New York.

apple headquarters cost

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