Apple has added another major property to its growing list of Silicon Valley offices. The company has agreed to lease a 125,800-square-foot office building at 580 North Mary Avenue in Sunnyvale. The property belongs to Bay Area real estate firm Peery Arrillaga and marks another step in Apple’s steady expansion across the region.
Although Apple has not disclosed the financial terms of the agreement, the lease is expected to cost millions of dollars each year. The move reflects Apple’s continued investment in office space despite changing workplace trends.
Leasing First, Buying Later
Apple has often followed a familiar real estate strategy. Instead of purchasing buildings immediately, the company frequently leases them before deciding to buy.
A recent example highlights this approach. Apple leased an office building at 684 W. Maude Avenue in Sunnyvale during 2025 before purchasing it later that year for $162.2 million. That deal gave Apple a significant discount compared with the property’s earlier $222 million valuation.
Because of that history, industry observers believe Apple could eventually acquire its newest Sunnyvale office as well. However, the company has not announced any plans to purchase the building.
A Pattern of Large Property Investments
Apple’s latest lease continues a broader expansion strategy across Silicon Valley. During 2025, the company purchased a two-building North Mathilda campus for $350 million. Soon afterward, it acquired a neighboring four-building campus for $365 million. Apple also spent $160 million on a 220,700-square-foot office building in the Tantau office complex near Apple Park.
These investments show Apple’s commitment to maintaining a strong physical presence near its headquarters. Even as hybrid work becomes more common, the company continues securing large office campuses for future growth.
Expansion Signals Long-Term Confidence
Apple has not revealed which teams will occupy the new Sunnyvale building. Nevertheless, the lease reinforces the company’s confidence in its long-term operations within Silicon Valley.
Rather than slowing its property investments, Apple continues expanding its office network through carefully planned acquisitions and leases. If its previous pattern continues, the newly leased Sunnyvale building could eventually become another permanent addition to Apple’s growing real estate portfolio.
