Bosch leases Sunnyvale offices amid expansion push
SUNNYVALE — Bosch, a company that has begun to meld its industrial know-how with the emerging technologies arising from the Internet of Things, has leased a big office building in Sunnyvale that will underpin the company’s Silicon Valley expansion.
About 300 Bosch employees will relocate to the Sunnyvale offices by the end of the year, the company said Thursday.
“The move to Sunnyvale is reflective of Bosch’s ongoing commitment to innovation and continuous improvement,” said Mike Mansuetti, president of Robert Bosch LLC.
Bosch’s new Sunnyvale offices will be about 40 percent larger than the company’s existing office space in Palo Alto. Plus, Bosch at present is operating out of multiple buildings in Palo Alto, said Linda Beckmeyer, a spokeswoman for Bosch.
The company also intends to use the new location to tap the world-class brainpower in Silicon Valley. In 2015, Bosch launched an effort to combine its industrial expertise with cutting-edge technologies.
Bosch believes that its core products — home appliances, auto parts, monitoring systems and industrial gadgets — can become smart devices through the connected technologies that are emerging from the Internet of Things.
“Not only is the new location larger and better suited for collaboration, it will also better position our associates to interact with the large, vibrant ecosystem of universities, research institutes, technology companies and startups that are key to our success in Silicon Valley,” Mansuetti said.
Research and development employees, along with workers with other company groups such as Bosch Corporate Research and Bosch Venture Capital, will work out of the new Sunnyvale offices.
The new offices are in a four-story building that is one of Silicon Valley’s newer buildings. It consists of research labs, workshops, garage space, meeting rooms and administrative offices. The lease was arranged through Cushman & Wakefield brokers Sethena Leiker, Rich Hardy and Kent Ilhardt and CB Richard Ellis broker Joe Kelly.
Bosch’s new offices will also contain the bells and whistles that tech firms often dangle in front of current employees and prospective recruits. Among those: wellness rooms, outdoor seating, gathering spaces, game rooms, music rooms, collaborative areas and creative spaces.
The company also depended on workers for suggestions about the optimal city for relocation.
“Associate input was a key consideration for the relocation,” Mansuetti said. “Bosch factored in commuting patterns, access to public transit and local amenities to find the best location for our team to thrive.”
Although Bosch is relocating 300 employees to Sunnyvale, a building of about 104,000 square feet can typically accommodate about 500 employees, based on standard square footage and employee ratios for Bay Area office buildings. Bosch wouldn’t say if it was immediately seeking workers for the new Sunnyvale location.
“We always have jobs posted on our site,” Beckmeyer said.
The Bosch lease is a welcome counterpoint to an increased amount of sublease space coming on the market.
Office tenants are vacating spaces and putting offices they were renting on the market, according to a recent report by Cushman & Wakefield.
“Sublease space continued to rise, finishing the first quarter at 30.4 percent of all available space, up from 25.4 percent in the fourth quarter and well above the ten year average of 13.2 percent,” Cushman reported.