Google expands Miami offices as Larry Page & Sergey Brin make big residential purchases
Google is expanding its office footprint in Miami, following significant personal real estate investments by co-founders Larry Page and Sergey Brin in the South Florida area. The move coincides with a broader trend of tech executives relocating to Florida.
Why it matters
The expansion highlights the growing influence of the tech sector in Miami and the personal impact of tax policy on the residential choices of ultra-high-net-worth individuals.
Google parent company Alphabet has more than quadrupled its office footprint in Miami this year, following a series of massive residential real estate purchases across South Florida by co-founders Larry Page and Sergey Brin, a report has said. The search giant reportedly signed a new commercial lease to expand its regional footprint to roughly 45,000 square feet (4,180 square meters), adding to its existing 10,000-square-foot satellite office located at 1450 Brickell Avenue in Miami's financial district.Citing sources familiar with the matter, the report said that the expansion was driven in part by the co-founders setting up personal residences in the area as California prepares to hold a high-stakes ballot referendum on taxing the ultra-rich.Billion-dollar relocations by rich techies to South FloridaPage and Brin, whose combined fortune exceeds $573 billion according to the Bloomberg Billionaires Index, have spent heavily on local luxury properties over the past year.…
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