- Nvidia plans to build a new 692,000 SF office building adjacent to its Santa Clara headquarters, expanding its presence in Silicon Valley amid surging demand for AI infrastructure.
- The new structure will be the third on its campus and feature a Star Trek-inspired hexagonal design, connecting to existing buildings via a pedestrian bridge.
- Over the past year, Nvidia has spent nearly $1B acquiring real estate and is growing its footprint across cities like San Francisco, Austin, Beaverton, and Toronto.
Expanding the Mothership
CoStar reports that Nvidia is set to expand its spaceship-like Silicon Valley headquarters with a third building, adding to its existing twin structures, Voyager and Endeavor. The tech giant recently submitted plans to the city of Santa Clara for a new, three-story, 692,634 SF office building at 2348 and 2350 Walsh Avenue.
The new addition would include three levels of underground parking with over 2,100 spaces, and a design echoing the futuristic architecture of its existing buildings. Created by Gensler, the design will feature skylight cuts and a central atrium with open vertical voids to bring natural light deep into the structure.
A pedestrian bridge over Walsh Avenue will link the new facility to the main Nvidia campus, further integrating what is rapidly becoming a sprawling headquarters.
Strategic Real Estate Moves
This latest project follows Nvidia’s $123M acquisition earlier this year of the 10-building business park where the new HQ will rise. It’s part of a wider land grab: Nvidia spent close to $1B in the last year acquiring properties around its headquarters.
That includes a $374M deal in 2024 to purchase its own long-time Santa Clara campus, which it had previously leased. In May 2025, the company filed plans for a 324,000 SF facility at nearby 2400 Condesa Street for offices and lab space.
The company has also been ramping up development efforts beyond California, investing heavily in new supercomputing and AI infrastructure across the US, with major activity underway in Texas and other markets.
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Beyond the Valley
While Santa Clara remains Nvidia’s home base, its footprint is growing nationwide. In November, the company signed a full-floor lease in San Francisco’s waterfront Mission Rock development, anchoring itself in a city rebounding from pandemic-era office vacancies thanks to AI demand.
Nvidia is also expanding in Austin, Beaverton, Toronto, and exploring space in Washington, D.C., as it builds closer ties with the federal government.
Why It Matters
Nvidia’s massive real estate investments underscore how the AI boom is reshaping commercial property markets. With tech companies leading the rebound in office leasing, AI firms now account for a significant portion of new deals—especially in markets like San Francisco, where demand from AI tenants surged to 9M SF in 2025, according to JLL.
Tech leasing nationally rose 21% in early 2025, per CBRE, with AI companies such as OpenAI, Meta, Google, and Microsoft all fueling demand—many relying heavily on Nvidia’s chips.
What’s Next
With Nvidia forecasting global AI infrastructure spending to hit $4 trillion by 2030, its real estate activity is unlikely to slow down. The company has become the physical embodiment of the AI gold rush—its growing campus a symbol of both its dominance in chips and the sector’s broader real estate transformation.
