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It costs a lot more than that. Airline tickets are routinely 500-700$ (eg. SF-NY or SF-Miami). Then you need a couple of nights of hotels on top. Add 2-3 meals
by RestlessMind 4y ago
It costs a lot more than that. Airline tickets are routinely 500-700$ (eg. SF-NY or SF-Miami). Then you need a couple of nights of hotels on top. Add 2-3 meals per day. And suddenly you are looking at 1000-1500$ per person. For a team of 40-50, that's ~50K budget for 1 day of productive work.
Now compare that to an office lease where you can get. At an avg density of 200 sqft/person[1], you'd need 10,000 sqft. You can get that for ~500K$/yr[2]. You use that for 10 times in a given year and you are breaking even.
[1] https://aquilacommercial.com/learning-center/how-much-office-space-need-calculator-per-person/ https://aquilacommercial.com/learning-center/how-much-office...
[2] https://www.loopnet.com/search/commercial-real-estate/san-francisco-ca/for-lease/ https://www.loopnet.com/search/commercial-real-estate/san-fr...