Facebook has decided it better ramp up a larger data storage facility in Prineville, Oregon. According to the Wall Street Journal, the company will spend $175 million building 145,000sf over the next three years. Facebook paid $3 million for the 124 acres last year, so the lion’s share is going into the building–almost $1,200/sf.
That cost per square foot is reminiscent of high-rise condo prices per square foot at the top of the housing bubble.
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