The Official SaaStr Podcast: SaaS | Founders | Investors SaaStr 543: The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
Apr 1, 2022
In this engaging discussion, Justin Bedecarre, CEO of Raise Commercial Real Estate, shares his expertise on the future of work and office spaces. He dives into the evolving dynamics of hybrid work and how tech companies are reassessing their spatial needs. The conversation highlights the renaissance of San Francisco's SOMA district and the competitive landscape for prime office leases. Furthermore, they delve into the changing workforce trends across major cities, emphasizing the critical role of physical spaces in fostering collaboration post-pandemic.
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SOMA Office Space Rebound
- While San Francisco office occupancy is low, new leases are up.
- 2021 SOMA leasing exceeded pre-pandemic levels, suggesting a rebound.
Slack's Office Strategy
- Slack kept their main HQ at 500 Howard despite headlines.
- They redesigned the space and are still a major presence in the area.
Notion's Office
- Notion, a remote-first company, leased a large traditional office space.
- This highlights the enduring value of physical offices even for distributed teams.