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For those that are not familiar with commercial rental quotes, they are stated in units of $/sq ft/year. A good rule of thumb is that you need about 200 sq ft
by mckoss 11y ago
For those that are not familiar with commercial rental quotes, they are stated in units of $/sq ft/year. A good rule of thumb is that you need about 200 sq ft per worker.
So, at $72/ft, your 10-person startup needs to spend $144,000 annually just for office space in SF.
- stepanhruda 11y agoThat's price for a single developer, not that bad.
- asah 11y agoum, 10% overhead "not that bad" ?
- lmeyerov 11y agoFor a small startup, an extra dev or 1-2mo extra runway has way more leverage. We went with downtown Oakland: cut commute east bay folks, quickly BART accessible for SF ones, and joys of a good downtown like nice restaurant s & cafes. When growing, we unanimously decided to stay rather than go to SF.
- stepanhruda 11y agoRelatively, yes. Other comments suggest being based in a different location around the country instead – those will have both cheaper labor costs and cheaper office space. Will the ratio ever go below 5% though?