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Spotify New HQ in Stockholm – Paying $1.38M a Month in Rent

3 pointsby imharveyover 7 years ago

2 comments

eesmithover 7 years ago
$823&#x2F;sq. meter = $76.45&#x2F;sq. foot.<p><a href="https:&#x2F;&#x2F;www.wired.com&#x2F;2014&#x2F;09&#x2F;silicon-valley-offices-are-stunningly-priceyjust-like-the-workers-inside-them&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.wired.com&#x2F;2014&#x2F;09&#x2F;silicon-valley-offices-are-stu...</a> from 2014 says:<p>&gt; In Mountain View, for example, the home of Google, the price of office space is more than two-and-a-half-times the national average: nearly $97 per square foot, versus just less than $35. In Palo Alto, the suburban enclave where Facebook was born, office rents top $88 per square foot, with a vacancy rate below 4 percent. Surprisingly, office rents in San Francisco, home of the $3,000 one-bedroom apartment, are low by comparison, coming in at $60 per square foot.
mkempeover 7 years ago
Note that engineer salaries are much lower in Stockholm than in the Bay Area. So them spending that amount of money on new office space is not really significant.