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For a company to pay almost a hundred million dollars to not rent office space in downtown SF, that's the abnormal part, compared to 2010-2019.
by lsb 6y ago
For a company to pay almost a hundred million dollars to not rent office space in downtown SF, that's the abnormal part, compared to 2010-2019.
- the-dude 6y agoAre you suggesting they would have walked free between '10-'19 ? I am quite certain they wouldn't have.
- iso947 6y ago10-19 they would never have got rid of space - and arguably other potential tenants would have paid them to relinquish their rights
- ulfw 6y agoExactly that. They could have easily found another renter/sublet it for no money lost (potentially even gained) those days.
- sulam 6y agoYep, one company I work with closely made something like $16M through subleasing or leaseback (I forget the exact arrangement) in early 2019 after they decided to reduce their office footprint.