It takes a while for office prices to go down (at least it did in 2000-2001 after the first web crash). It's a great time to renegotiate an existing lease (lo

It takes a while for office prices to go down (at least it did in 2000-2001 after the first web crash). It's a great time to renegotiate an existing lease (lower price for a longer contract so you won't bolt after your initial lease expires) but most of those landlords of the big buildings would rather write it off than lower their price dramatically (or break it up in smaller chunks). Another way to go if you have established connections with some larger companies that have downsized is to sublease some cubicle space from them. You lose some of your own identity by being in the middle of a bigger company, but sometimes it can be super cheap and you get some of the amenities of a bigger company like not dealing with phones, internet, security systems, etc. The company wins by offsetting some of their costs (or getting a tiny bit of equity) and just filling up some cubicles has a positive impact on a company's morale.