Quote:
Originally Posted by sjk
Did anyone else hear a rumor that Google isn't going to be moving into this building after all?
|
See my two posts on page 99. Google does not need this space right now. They leased an enormous amount of space in Austin expecting growth that simply has not happened, for a few different reasons. I definitely wouldn't expect them to move into this building until that situation changes.
As far as completely backing out of the lease, I have no doubt that they would do that if they could do so without eating a huge loss (that's common sense really. In this financial environment you don't want 2x more office space than your headcount requires), but I'm not sure how likely that sort of a deal getting done would be. It seems like a short term sublet would make more sense, but I don't have intel on the details.