Comments
CensorshipIsTheDevil t1_iyehxko wrote
I am sure they have massive lease-breaking fees associated with it. Those fees are huge, just not as huge as the cost of keeping the building full term. Translation, Meta is in trouble for the near and medium term.
killerasp t1_iyesk83 wrote
and if the floors were already fully built out but with no one working from them, the landlord could much easier find a new tenant that wants a fully built out work space. would save the new company alot of money in buildout costs.
CensorshipIsTheDevil t1_iyezkje wrote
Yeah, I would think that would depend. You might be able to find someone with lesser money to rent it for considerably less, but I doubt you would be able to fill it with somebody at a similar level to Meta and at a similar price.
Must be nice to have billions of dollars to waste......
BrieGoneThot t1_iyf4pwk wrote
I've helped moved smaller companies into the bones of bigger ones for the last decade or so. Subleasing pre-built space is an entire subindustry on it's own.
Rottimer t1_iyeynp3 wrote
It’s more likely that they’ll sublease more space. Apparently, they are already subleasing some space.
killerasp t1_iyesd6z wrote
they still have the entire top floor of the Moynihan Train Hall.
virtual_adam t1_iyegnu8 wrote
How exactly do you “return” 2 buildings? I guess the lease signing articles were mostly BS if you can break the lease so easily