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Dropbox’s $400M Real-Estate Loss and Office Rents in SF’s Biggest Office Glut
- PhantomGremlin 6y agoIt's astonishing to me that Dropbox ever thought it needed a 750,000-square-foot headquarters building. Wow.
- ThePadawan 6y agoThe article suggests they didn't - they just used it as an strategic investment.
- tonyedgecombe 6y ago"Dropbox, like just about all tech companies and many other companies in San Francisco, went on an office leasing binge in past years, leasing far more office space than they needed at the time. The logic was that there was a permanent shortage of office space in San Francisco, that rents would always go up, and that it was better to grab all you could get now, and sit on it vacant, and hope to grow into it over the years, thereby warehousing office space for later use."
- sand_castles 6y agoThe cost of Real Estate in Russia / Eastern Europe is 20,000 USD / apartment, with 8% central bank interest rates. I see prices in US/UK/Canada dropping to those levels. [ If you don't think my pricing model is accurate, please mark my comment and we will talk in 2040. ]