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This seems to me like a unique opportunity for next-gen startup incubators and the coworking movement to lease space at rates that would enable startup entrepre
by samaparicio 17y ago
This seems to me like a unique opportunity for next-gen startup incubators and the coworking movement to lease space at rates that would enable startup entrepreneurs to use the kind of digs that are normally completely outside of their reach.
- JoeAltmaier 17y agoStill an order of magnitude more expensive than most other cities.
- sabat 17y agoAnd still for good reason.
- brandon 17y agoI'd love to hear your rationale. I recently landed at a small startup in San Diego. We're downtown in class A office space, 16th floor with a Pacific view, and we pay less than $2.50/sqft. I'm having a hard time seeing how being in the bay area is worth 13× the price during a glut, but I've only worked here in San Diego so I could definitely use some perspective.
- grellas 17y agoNot 13x (the $34.56 figure for average rents for Class A space, as mentioned in the article, refers to annual rent - your $2.50 number is monthly). Thus, roughly comparable at this point, or at least not much of a rental premium to be in Silicon Valley.
- rjurney 17y agoHow many startups in San Diego get someone to give them money to pay their rent? How many in the Bay Area? Any questions?
- ghshephard 17y agoWe're in the heart of the peninsula, Redwood City - pretty Decent digs (Former Excite/@Home) Area - in the neighborhood of $1.25/Square Foot/month. Our predecessor was was paying $0.95/square foot/month. Based on my (rather limited sample) my analysis of the article is that the rates being quoted were per _year_, not per month. $2.50/SqFt per month is pretty expensive unless you are in Downtown San Francisco.
- dnsworks 17y agoAre you in the old Excite@Home building that has the Stanford name on it now? Those offices were incredible, with the slide from the 4th floor to the 1st. Ahh, the fall of the silicon empire!
- ghshephard 17y agoNope, we're on the other side of Broadway, in the building with a slide from the second to the first. That Slide, thought, has been boarded off. Rumor has it someone broke their ankle on it at some time.
- dnsworks 17y agoAhh I know which building you mean. Fun stuff though. You should rip the boards off the slides, get a video camera and post to youtube! Never let caution get in the way of fun!