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Facebook invested $88.3 million to expand its Redmond Oculus HQ this year

Company spent $106 million on construction and permits over the last three years

Facebook has big plans for Oculus, or so it would seem based on its recent investment track. The company has spent $88.3 million just in the last year on various development permits for Oculus-related offices in the Redmond area.

That's a hefty chunk compared to previous years. The company has spent $106 million over three years on construction and permits for expansion of offices according to an analysis by real estate database and resource BuildZoom.

That $106 million was spread across 180 permits for 11 buildings, and doesn't include a new building purchased and another leased recently. Eight new offices contributed to the $88.3 million this year.

At Oculus Connect in October of last year, along with the announcement of a $199 price point for the Oculus Go, CEO Mark Zuckerberg stated that he wanted to "get a billion people in virtual reality." The lower-cost, untethered device is predicted to ship 1.8 million this year.

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Rebekah Valentine

Senior Staff Writer

Rebekah arrived at GamesIndustry in 2018 after four years of freelance writing and editing across multiple gaming and tech sites. When she's not recreating video game foods in a real life kitchen, she's happily imagining herself as an Animal Crossing character.