Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by dguaraglia on Sunday October 25, 2020 @07:31PM
(#24891137)
That's not uncommon. Our office in North Beach was a 12-month deal. In fact, contracts tend to be longer (24 months or so).
[ Parent
| on HN ]
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by ComputerGuru on Sunday October 25, 2020 @07:44PM
(#24891242)
I think that was the point. 12 months is atypically short.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by rightbyte on Sunday October 25, 2020 @08:59PM
(#24891746)
Of leases 24 months long the average lease should be 12 months in right now (given steady state). I.e half of them expire in a year. Lets say that they realised this summer that things will be different then the effect should gradually start to show almost immediately.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by sokoloff on Sunday October 25, 2020 @07:45PM
(#24891249)
I think that was GP’s point. We have a few one-year leases on small spaces, but most of ours are 5 year leases, usually with renewal options, sometimes with break options (for $$) at 3 years.