#officespace

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Any "Renovation" Updates?

I am sure the majority of people in Burlington are enjoying their time WFH while smaller desks, and cramped quarters will be taking effect in the building for our return. I can speak for myself when I say my mental health has been so much better for the last 5 weeks, however knowing this is our last week WFH (fingers crossed it gets extended) my anxiety is creeping about returning to the office..


Nike Tech expands India office

Global sportswear giant Nike has expanded its presence in India by leasing 126,000 sq ft of premium office space in the Olympia Building at Bagmane Tech Park, Bengaluru. This strategic move highlights Nike’s commitment to strengthening its corporate operations in one of India’s most competitive commercial real estate markets.

Bagmane Tech Park, located in C V Raman Nagar, is a leading business hub hosting multinational technology firms, consumer brands, and professional service providers. Nike’s new leased space allows the company to access top talent and modern office infrastructure, aligning with the growing demand for large, contiguous office spaces in Bengaluru.

While lease terms and financials remain undisclosed, the acquisition signals Nike’s long-term commitment to India’s growing market. Bengaluru continues to attract multinational companies seeking Grade A commercial properties, ideal for regional offices, technology teams, and operational hubs.

This transaction is comparable to prominent Bengaluru real estate projects such as Sobha Galera in Kannamangala and Prestige Evergreen in Whitefield, which have drawn attention for their prime locations and modern amenities. Nike’s lease also mirrors the trend of investing in pre-launch projects, where corporates secure high-quality office and commercial spaces ahead of market competition.

By taking this step, Nike reinforces Bengaluru’s position as a preferred destination for global expansions, emphasizing the city’s role as a hub for talent, innovation, and corporate growth. The move also strengthens the appeal of business parks like Bagmane Tech Park, which continues to attract multinational tenants seeking premium infrastructure and connectivity.


Why are cafe prices so ridiculously expensive lol?

It's kinda nuts because the sushi they sell at the cafeteria is quite literally the same sushi you buy at HEB. Still has the original packaging and stickers - minus the HEB price tag - but charge almost double for it lol. 2 hard boiled eggs in a little container is $4.50? I can buy a dozen eggs for less than that. An egg, cheese and bacon breakfast taco is 3.50 but 99% of the time there is no cheese and/or bacon? yeah dawg, i'll just scan it, pretend to pay and leave.

Call it what you want but, if they are making us be in office 5 days/week then fu--ing step up the gd cafeteria food and make it a LOT cheaper. Not that I really care much as I only go to office from 10am-12pm anyways but jesus...


How is your RTO going?

How is your RTO going?
I hear that all offices are packed and do not have enough space, not enough conference rooms, etc…. Certainly the case in Dallas and Atlanta!

I do go 3 times a week, but just badge in and go home right away.

Been trying to organize a badge-in service, but looks like all people are a bunch of pu----s…

Time to raise up and organize an insurrection against the IBM Execs!


Hello Schulman, Details to NYC Office Space Leased, True or False??

The figure of $115 per square foot refers to the asking rent for the new Verizon corporate headquarters office space in Manhattan's Penn 2 tower, a lease signed in July 2025.

Verizon signed a 19-year lease for more than 195,000 square feet across the 8th through 10th floors of the Penn 2 building, located near Penn Station.

The asking rent for this specific office space was reported to be $115 per square foot.

Approximately 1,000 corporate employees are expected to work in the new location starting in 2026, consolidating existing offices from other Manhattan locations.


We didn’t say new office. We said NO office.

So now the plan is to demolish the Plano site and build a brand new 45-acre campus from scratch. For one of the most levered companies in the world, still buried under massive debt.

This is the same leadership that burned hundreds of billions on T-Mobile, DirecTV, xandr, and WarnerMedia (among others). The same person making another massive, irreversible capital bet. And we’re supposed to believe this time it’s different?

What makes this even worse is the human cost. Over the last two years, employees uprooted their lives and relocated from all over the country to Dallas because the company told them to. Now leadership is moving locations again like a shell game, sc--wing over the very people who did what they were asked. No apology. No accountability.

And let’s ki-l the lie about the employee survey. It did not say “build us a new office.” It said people don’t want to be in offices at all, ever. Spinning that into a multi-billion-dollar campus no one wants or needs is insulting.

We also just lit $100 million on fire upgrading the Dallas office a few years ago. Add that to the pile.

At this point, the board can’t pretend they don’t see what’s happening. These decisions and their outcomes are public. If they continue to allow this, they’re complicit in the value destruction.

Employees will pay through lost bonuses and broken trust. Shareholders will pay through debt and wasted capital. And leadership will keep doubling down because no one is stopping them.

This isn’t strategy. It’s reckless. And it’s long past time for the board to intervene. End RTO, divest from the useless office space and improve the balance sheet. It’s not that hard to understand.


Another leadership blunder and another massive waste of money

Moving HQ from Dallas to Plano means billions poured into the new campus, long term lease, buildouts, utilities, security, and facilities just to force people into offices to sit on video calls. All cost. No return.

There’s a cheaper, smarter option leadership refuses to touch.

End five day RTO. Shrink or break the leases. Go remote first.

Office space costs large companies roughly $12,000 to $18,000 per employee per year. With roughly 130,000 employees, that’s $1.5 to $2.3 billion every single year. Over five years, up to $11 billion. Over ten years, north of $20 billion.

Instead of saving billions, leadership is lighting it on fire to defend a failed work model. Plano isn’t a strategy. Five day RTO isn’t leadership. It’s just another expensive mistake employees and shareholders will pay for.


Regarding RTO

I keep seeing people say “we are returning to working in the office because that’s how it always was”

Quick question - who had issues finding assigned seating, food, and stocked bathrooms with good toilet paper before covid?

Answer - nobody. Because RTO is not a return to how it was. It is way greedier and designed to be humiliating on purpose. Quit licking boots and be honest.


El Segundo office moving - and no not to Dallas

For now at least, this hub is still hanging around. We will ditch the DTV space and move a couple of miles down the road. The new building looks fairly nice but I’m sure they will ruin it by cramming us all into an open plan that makes concentration impossible. No date given but since they sent notice have to believe it will be in the next couple of months at most.


Downsizing real estate

I'm curious if anyone has any thoughts on the latest RTO development, at least in the U.S. where an announcement was made this week of selling a couple of the buildings in Greenville, but re-stating the RTO of 4 days per week. This seems odd to me, in that I don't see how you can force more people into significantly less space? In addition, I understand there will be no dedicated desks, making this objective even more complicated. Anyone have any insight?


4 -Day RTO / Hotel Desking - Here to Stay?

The combination of strict 4+ Day return to office AND hotel desking is the double whammy of bad news. Think one or both could die off down the road? A lot of companies are doing 3 days with assigned desks, which I feel is far more reasonable. Hate to think this is the new normal indefinitely…


Exxon is making room as it readies for more employees at Pioneer campus

An oil company whose headquarters are in the ClayDesta area is getting ready to bring in hundreds of new employees — they just need a place to park.

Approximately 250 employees are set to move from XTO Energy’s offices at 6401 Holiday Hill Road to the former Pioneer Natural Resources offices at 3617 N. Big Spring St.

ExxonMobil, which acquired Pioneer last year and is the parent company of XTO, is preparing to accommodate those additional employees. The company has broken ground on a new parking lot south of the Pioneer building that will have 300 additional spaces. Completion of the new parking lot is expected before next summer.

ExxonMobil is spending $10.4 million on interior renovations to the second level of the Pioneer building to accommodate the XTO employees. Completion is expected by the end of the year.

“(The renovations) reflect our ongoing commitment to our local employees and the Permian Basin community,” officials told the Reporter-Telegram. “We’re better together and, through this move, are prioritizing collaboration, knowledge sharing, productivity and company culture.”

All local ExxonMobil employees are expected to be accommodated at the corporate office, as well as the former Pioneer Midkiff location at 2625 County Road 180 in Garden City and 4815 E. Highway 80.

https://www.msn.com/en-us/money/companies/exxon-is-making-room-as-it-readies-for-more-employees-at-pioneer-campus/


Want to work in a refinery every day?

Key point missing is where this building at Strathcona will be given there’s really no excess office space.

You will likely be in a blastproof building (like the current office building) and subjecting yourself to questionable air quality for the remainder of your working life.

Also refinery work cultures are a beast of their own, many in bad ways.

This the life you really want… in Edmonton?


BNY sublet at WTC

BNY has officially taken on a sublease from Condé Nast for four floors totaling over 192,000 square feet at One World Trade Center.

They claim this is to support renovations at 240 G… but that doesnt add up.
RV spending money over working remote.
It seems the RTO space issue will be solved.
5 days a week in office coming next.


One tenant for QP

Kiewit employees in Calgary have been told they are moving into QP office sometime soon.

I am guessing they will take West or North building. Kiewit is small enough in Calgary to fit in one building.


Hoteling?

Chevron has become such a benchmarking company and focused on following others that it seems to have forgotten how to think for itself. Now we’re adopting this outdated ‘hoteling’ concept, where desks are unassigned and there’s less workspace than people. How dehumanizing is that? We’re required to be in the office at least four days a week, yet our assigned offices and cubes are taken away. This leftover strategy from the hybrid work era makes no sense. Wake up, Chevron…


The search is on in Dallas suburbs

“I AT&T is looking at office space in the suburbs, two people with knowledge of the situation have told The Dallas Morning News, even as its CEO remained silent Friday regarding speculation about the Dallas-based telecommunications company reducing its downtown presence.
A move by AT&T could see its more than 2 million-square-foot presence in downtown Dallas shrink in some fashion. AT&T had nearly 6,000 workers assigned to its downtown Dallas offices in 2022.”


RTO Poland

Info for my Amercian friends. In Poland there will be an application for desk reservation. We dont have enought desks for all the employes and with 4 days in office coming it looks like this is their solution. Just saying that it may be used in your localizations


Ford Credit building at capacity today

FN1 and FN2 were at max capacity today and then some. The (small) cafeteria was full of workers using the tables as their desk for the day, folks were working at corners of desks and had to sit away from their teams. This was at 8:45 AM, not 10 AM. It's so hard to focus during endless Teams class while folks are wandering around trying to locate a desk or spot to camp out. Someone likened it to the Spirit Airlines of office places.


What’s going on in Wilson NC?

Lots of folks have heard rumors that the folks in the Wooten bldg are moving to the Forest Hills bldg. They have even gotten rid of their daytime cleaning crew. I thought they were revamping that bldg. what happened? They certainly haven’t done anything to the Forest Hills one. Slap some purple paint on a wall and call it a day. Will they revamp the Forest Hills bldg if we are all under one roof?


RR5 3W

Email went out today outlining the company's plans to finally eliminate the 90s cubes on RR5 3rd floor, starting with 3W on August 29.

The good news is that employees will get to WFH during reconstruction.

The bad news is that the desk count on 3W will almost double in the same amount of space.