Apple is building a $74,163,495 million workout facility at their new campus, according to building permit records from the city of Cupertino.<\/p>\n
While Silicon Valley is famous for offering employee perks like shuttles with WiFi and free gourmet meals, spending more money than all but a few companies have ever raised in their lifetime on a fitness center is really taking things to the next level.<\/p>\n
At BuildZoom, we’ve created technology to automatically collect and analyze all of the building permits and contractor licenses from across the United States. The $74 million dollar expense for a fitness center definitely jumped out as the most expensive we’ve ever seen on a project that can only be considered an employee perk.<\/p>\n
We suppose Apple considers it worthwhile to invest in anything that can make its 41,000 Santa Clara county employees lead better lives–or at least, stay at work longer. And with over $100 billion dollars in cash on its balance sheet, Apple’s probably smart to invest in perks that can attract and retain talent.<\/p>\n
The competition for engineering talent in Silicon Valley is fierce and more engine and state-of-the-art facilities like this make a genuine difference. To put it in perspective, with Apple’s revenues headed towards $200 billion, the cost of this gym is just 1\/10th of a single days revenue.<\/p>\n
In fact, the $74M gym is not even the most expensive building permit on file at the company’s headquarters. For the time being, that title goes to Apple’s $161M “theatre,”<\/a> which we can only surmise is actually the new event center Apple will use to host major product announcements.<\/p>\n![\"Apple](\"https:\/\/www.buildzoom.com\/blog\/\/wp-content\/uploads\/apple-fitness-center-building-permit.png\")
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