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> Office space is the single most expensive line-item on most companies financials Is it? Not payroll? Expensive commercial real estate in the US rents for $80
by coffeedan 3y ago
> Office space is the single most expensive line-item on most companies financials
Is it? Not payroll? Expensive commercial real estate in the US rents for $80/sq ft/year (source: https://www.matchoffice.com/news/rental-rates-for-commercial-property-in-the-usa-2872 https://www.matchoffice.com/news/rental-rates-for-commercial...). Tech workers are generally factored in at using 250 sq ft (source: https://web.mit.edu/e-club/hadzima/how-much-does-an-employee-cost.html https://web.mit.edu/e-club/hadzima/how-much-does-an-employee...). So, $20k per year, per employee for rent in the most expensive cities in the country. How can that possibly be more expensive than payroll?