Uber's Real Estate Footprint Unmatched

March 2, 2016 • Source: • Posted in: Market News

Uber's [UBER.UL] new Oakland headquarters is nearly 70 percent bigger than Internet radio service Pandora Media's (P.N) office nearby and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and so far has filed building permits to complete at least $2 million in renovations, according to BuildZoom, a startup that compiles construction and remodeling contractor data for homeowners. Across the bay in San Francisco, Uber has so far initiated $130 million in construction on a bigger office in the Mission Bay neighborhood, BuildZoom's data shows. The new building permit data from BuildZoom . . . Read More

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