and a commercial real estate crash would be bad for the company's bottom line
I'm guessing that a company's largest expenses are (probably in order, too): People, Technology, Office space.
Most companies, especially smaller companies, do not actually own the office space they are in, they lease it. Commercial real estate crashing would greatly reduce one of their top 3 expenses... how is that bad for the bottom line?
That actually sounds like a LOT of space compared to a 2-bedroom apartment in Brooklyn that would cost quite a bit more....
But even then, you can put 4/5 people comfortably in a 2-bedroom in Brooklyn if it's designed for it, and it's not going to cost you multiple times an engineer salary.
It might not scale as well though if you need to own your own campus with security, catering and all that.