Apple’s Spaceship Campus causing Surrounding Housing Prices to Skyrock
(CNBC.com): Things change when a spaceship comes to town.
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Tourists stroll by, whipping out their iPhones to get a photo. New businesses move in. And real estate prices go up even more.
Apple’s new home in Cupertino — the centerpiece being a $5 billion, four-story, 2.8 million-square-foot ring that can be seen from space and that locals call the spaceship — is still getting some final touches, and employees have just started to trickle in. The full squadron, about 12,000 people, will arrive in several months.
But the development of the headquarters, a 175-acre area officially called Apple Park, has already helped transform the surrounding area.
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