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As Star Trek Said, Space…The Final Frontier!”

Feb 4, 2022 | Posted by Jeff Weil | Accounting, Califorina Business, California Economics, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Newsletter, Office Furniture, Office Furniture Vendors, Office Space, Pandemic, Sublease, The Office Market, Tips for Tenants, Trends, Trends for Office Tenants, U.S. Economics, Working From Home, Workspace |

 

Yesterday Slack’s CEO called ‘Return to Work a Doomed Approach’ and put 208,000 square feet of space on the San Francisco sublet market. The SF Registry reported on Slack, “Communication software firm Slack has decided that the future of work is not necessarily in the office and has placed 208,460 square feet of space on the sublease market in San Francisco .”When I see headlines a about CEOs trying to lure employees back to the office, I feel like it’s probably a doomed approach,” explained Slack CEO and Co-Founder Steward Butterfield to the Washington Post in December. “Work is no longer a place you go, it’s something you do.”Slack’s current headquarters, at 300 Howard, has a capacity for around 1,000 people but only sees about 30 employees on any given day. Slack says that for new remote hires and for those who have moved away from offices, it will not ask employees to return and will continue to implement a ‘digital first’ workplace strategy.” Today Merrill Lynch announced it was putting 102,000 square feet on theSan Francisco sublease market.

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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • Colliers International
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  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
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