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I don't know how much commercial real estate costs, but in the region around Twitter's HQ it's about $5-$6k for a 1000 square foot apartment Assuming it's the
by Firmwarrior 4y ago
I don't know how much commercial real estate costs, but in the region around Twitter's HQ it's about $5-$6k for a 1000 square foot apartment
Assuming it's the same price per square foot for commercial space, that's less than $1000 a month for a 100 square foot office for each employee. Considering these employees are making more than 20x that, if offices could improve their productivity, it seems like it'd be well worthwhile
- brewdad 4y agoBut since the cost of building those offices will be reflected in this quarter's earnings and destroy some executive bonuses, while the benefits won't be reflected in earnings for at least a full quarter and possibly longer, building individual workspaces is impossible.
- gorgoiler 4y agoAnother way of looking at it: the market price for office space is based on each employee having a 4’ x 2’ desk with the same space again for a chair. You are talking about increasing the per capita headcount sixfold from 16 sq ft to 100. That’s going to have a significant effect on real estate cost.
- Firmwarrior 4y agoYeah, but Silicon Valley tech companies are already pulling in $2M per employee per year.. if spending 0.5% of that on better offices increases that revenue by 10%, you can probably bet that they'll want to do it Presumably the higher ups legitimately believe that the open office plans are better for the company, which fits with how insistent most of them are to get butts back in seats now despite almost everyone hating the commute and the office life