this post was submitted on 21 Oct 2023
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Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens (www.cnbc.com)
submitted 1 year ago by L4s to c/technology
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Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens::San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home

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[–] [email protected] 4 points 1 year ago

If you treat commercial real estate as any other investment, you want to sell when it’s high. I don’t understand all these companies doubling down on Return to Office, just to have their commercial real estate value plummet later. Dropbox has it right. Get rid of it now.