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> [Reddit] which previously subleased 78,000 square feet ... will soon move to a 47,000-square-foot space Good, this is the kind of post-covid planning we need

> [Reddit] which previously subleased 78,000 square feet ... will soon move to a 47,000-square-foot space Good, this is the kind of post-covid planning we need to see from companies. This will save money while letting those that want to come into the office still have a place to work. It's insane how many employers are forcing employees back to the office because they refuse to let go of their pre-covid building leases.

prepend 4y ago
I’m still surprised they are keeping 47k square feet. Even if it all 200 square foot offices that’s still space for 200 people and that seems like a pretty big amount for people wanting to work in the office. Wikipedia reports[0] they had 700 employees in 2021. [0] https://en.wikipedia.org/wiki/Reddit https://en.wikipedia.org/wiki/Reddit
- Aromasin 4y ago
  Wouldn't be surprised if many of them are working in a hybrid, 1-3 days a week in the office, situation. In that case a swathe of them would be coming in for weekly team syncs, sticky issues meetings, new-hire onboarding & training, and so on. Even just to socialize (queue the angry WFH hardliner saying that workplace relationships don't exist) you'd need somewhere. You'd still need to space, even if utilization is way down.
- CydeWeys 4y ago
  That's not how office space works though. Only about half the square footage max is actual office/desk space. The rest is hallways, meeting rooms, kitchens/cafes, reception, various amenities, etc.
  - deleted 4y ago
    [deleted]
vlan0 4y ago
>It's insane how many employers are forcing employees back to the office because they refuse to let go of their pre-covid building leases. There's so much money tied up in commercial real estate. It feels like a complimented mess. Just look at NYC. Building owners will let units sit vacant for years rather than lower rent costs. Which then lowers building value, etc.
- smith7018 4y ago
  To be fair, that's because NYC's laws are extremely favorable to building owners. A less owner-focused city would presumably tax businesses that are left vacant after X amount of months or years to push the owners to lower rents or sell.

prepend 4y ago

I’m still surprised they are keeping 47k square feet. Even if it all 200 square foot offices that’s still space for 200 people and that seems like a pretty big amount for people wanting to work in the office. Wikipedia reports[0] they had 700 employees in 2021. [0] https://en.wikipedia.org/wiki/Reddit https://en.wikipedia.org/wiki/Reddit

Aromasin 4y ago
Wouldn't be surprised if many of them are working in a hybrid, 1-3 days a week in the office, situation. In that case a swathe of them would be coming in for weekly team syncs, sticky issues meetings, new-hire onboarding & training, and so on. Even just to socialize (queue the angry WFH hardliner saying that workplace relationships don't exist) you'd need somewhere. You'd still need to space, even if utilization is way down.
CydeWeys 4y ago
That's not how office space works though. Only about half the square footage max is actual office/desk space. The rest is hallways, meeting rooms, kitchens/cafes, reception, various amenities, etc.
- deleted 4y ago
  [deleted]

vlan0 4y ago

>It's insane how many employers are forcing employees back to the office because they refuse to let go of their pre-covid building leases. There's so much money tied up in commercial real estate. It feels like a complimented mess. Just look at NYC. Building owners will let units sit vacant for years rather than lower rent costs. Which then lowers building value, etc.

smith7018 4y ago
To be fair, that's because NYC's laws are extremely favorable to building owners. A less owner-focused city would presumably tax businesses that are left vacant after X amount of months or years to push the owners to lower rents or sell.