Dropbox's San Francisco HQ is selling for a record-breaking $1.08B | Hacker News Reader

Dropbox's San Francisco HQ is selling for a record-breaking $1.08B

sfgate.com

> “We believe the data shows the shift to remote work, though abrupt, has been successful overall,” the company said in a blog post at the time. “... In our internal surveys most employees say they’re able to be productive at home (nearly 90%) and don’t want to return to a rigid five-day in-office workweek.”

It's funny that we needed a pandemic to let a bunch of techy, smart people know that "typing in front of a keyboard can happen anywhere."

I guess a huge part of management thinks if they can "watch" the bodies of their employees arrive to an office be on time and not blatantly text and watch YouTube at their desks, huge rents and overhead will be worth it.

Why did we need a pandemic to let people know that remote working isn't really a big deal?

I thought you just answered that question in the preceding paragraph? :)

At my workplace the founder was staunchly anti-remote. Something about discipline and hallway conversations being necessary for creativity. Mostly discipline. It really did take a pandemic to prove to people like him that remote work works. The execs sounded genuinely surprised in their Zoom presentations about engineering still hitting all the targets like nothing happened.

Realistically speaking, even before the pandemic deep work could only happen when people got away from the open plan office. Some would come in or leave at odd hours. Others would work late from home and roll into the office closer to lunchtime. Others still hunted for empty conference rooms. Communication is important but it is realistically needed only about 20% of the time.

Hasn't there been some research into open office plans causing negative social issues, noise, anxiety, distraction etc?

Thankfully for my work the open office was used amongst tight nit groups, but for large companies or teams I'd think I'd hate it.

Because when you have a wide-scale every-company experiment like this it immediately squashes any counter argument like “well our company is different because $silly_reason.”

For me having an office available is nice for when I need a change of scenery but I think it would genuinely be cheaper for our company to just pay for daily passes at a coworking space than the rent for our building.

Am I the only one who finds that coworking spaces kinda suck?

They're all of the problems I have with open office dialed up to 10.

They do kinda suck, but it’s better than 10 people working in a 3 bedroom apartment (which I also did in my early 20’s).

Coworking spaces are a good “in between” step. My current company is fully distributed but four of us live in Taipei so we rent a coworking space. It’s optional to come but there’s always at least three of us there.

I wonder how this will impact startup scene, most projects start with few people having a discussion over a beer about an interesting topic.

I’ve also heard that a lot of startups happened via side projects (often from WFM or on the side at work)

There is a huge difference between having to work from home and having the option to work from home.

I prefer the latter. I really like going to the office and also loved my commute. Being at home 24/7 feels like I am working all the time.

never heard anyone claim to love their commute, but luckily working from home doesn't prevent you from going for a recreational walk/train ride/drive to make up for the lost commute

I have had times when a commute was kind of invigorating - walking through bustling streets flaneur-like, or getting the heart rate up on a bike (even in the pouring rain), or listening to something while the world rolls by on a bus.

Being around people gives me a kind of energy. When it's good, it bookends the working day nicely. And I'm currently missing that positive experience having been forced to work from home for a year. Personally, finding the motivation to recreate this every day is extremely difficult.

I would, however, never willingly go back to a long commute on my own in a car on main roads. I found it soulless and depressing.

Don't speak in absolutes.

The pandemic proved to me that remote work does not work.

Or, rather, it works when employees have a home office and set office hours. Which most people don't.

And it only takes one team member to ruin productivity for everyone.

In other words, remote work only works when you can force your employees to pay for office space out of pocket. Maybe Dropbox can do that; I certainly can't.

(Or maybe productivity for Dropbox employees was already close to zero so any change is imperceptible; it's a fact that many companies don't hire developers to actually make stuff, they hire them so they don't make stuff for competitors. Maybe Dropbox is that sort of company.)

Tennants are leaving, better buy up the property for a record price?

This deal makes no sense.

Remote work is the new normal, and it's apparent that there's talent in the vast world outside of San Francisco.

Even with the pandemic hopefully coming to an end, SF hasn't shown any willingness to change their backwards governance and NIMBYism.

Good move on Dropbox's part.

I’m wondering what or who is interested in the space? It’s really close to UCSF and the new arena.

Biotech firms probably. A few buildings in that area that were originally tech offices are converting into labs so they can be used right away.

wasn't this a new building ? still a good return, like 2x to the owners of the building. and for DB a huge amount of savings in rent as well. I guess everyone wins, well not sure about the new tenants.

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