Earlier quoted context omitted.
Pretty much. Real estate is expensive.
I’d be really curious how much of a hit to people’s salary they would be willing to take, or the reduced capabilities of their business, to get an open office environment. I worked with an internal team that created a brand new office for a decently-sized tech company. We had this exact debate: open or closed. We explored closed, or versions of it (see Spotify’s team rooms as a great example of a compromise), but the…
45 additional square feet at (a vastly overestimated) $100 per year per square foot for rent. $5,000 construction costs amortized over 10 years.