3 ms·
As someone who's recently been back on the market for office space, I find it enlightening as to how much of the revenue and/or funding for a company has to go
by drone 13y ago
As someone who's recently been back on the market for office space, I find it enlightening as to how much of the revenue and/or funding for a company has to go for rents in SF. $58/SF is massive. Imagine a small startup that needs 1k SQFT, pre-revenue paying nearly $5k a month on rent. Not to mention, that's probably pre-triple-net load...
I was balking at the $30/SF Class-A rents in my city, and even grumbling that perfect space for us was running $18/ft, because I had to get larger units (2500 SQFT+). Puts it all in perspective =)