REI is selling their new HQ

[raygunner]

WSJ reports REI is selling their not-yet-completed corporate HQ.

Not good news indeed.

https://www.wsj.com/articles/rei-bui...hp_featst_pos3

[rnhood]

They probably want to get the hell out of the Seattle area, and who can blame them.

[AngryScientist]

the writing is on the wall: "Corporate Offices" are going extinct quickly.

Zoom is the new corporate office.

[ORMojo]

I'm not sure why this would be "not good news."

It appears they are selling because recent experience with remote work has been so positive for them. If this leads to more flexible remote work (which they indicate), less commuting by ICE, and many other possible benefits, and it works for the company, where is the bad news?

[ORMojo]

Originally Posted by rnhood

They probably want to get the hell out of the Seattle area, and who can blame them.

No, they say they will be establishing several smaller satellite offices around the Seattle area, and allowing for more remote work, including by people not in King County.

[weisan]

Are we on Friday Positive yet?

Mojo pal, you show us the way.

[Jef58]

Square footage is expensive. I'm sure our company's HQ is probably a ghost town. Even where I'm at in the manufacturing plant, half are working remotely...and that office space is sitting vacant that could be used for manufacturing. This looks like a new wave of things to come. Less traffic on the road, and according to many, people are more productive working like this. Interesting trend with a lot of positives, we'll have to wait and see what the negatives will be.

[raygunner]

Originally Posted by ORMojo

I'm not sure why this would be"not good news."

It appears they are selling because recent experience with remote work has been so positive for them. If this leads to more flexible remote work (which they indicate), less commuting by ICE, and many other possible benefits, and it works for the company, where is the bad news?

Lower in the article it also mentions the financial hit from the stores being closed.

[theboucher]

Originally Posted by rnhood

They probably want to get the hell out of the Seattle area, and who can blame them.

What does this mean?

[rallizes]

Originally Posted by theboucher

What does this mean?

consider the source

[Ozz]

Originally Posted by rnhood

They probably want to get the hell out of the Seattle area, and who can blame them.

The new HQ was going to be in Bellevue....not Seattle....very different kind of place, separated by a lake.

They are embracing the remote working....I expect this to continue with other companies.

[m_sasso]

Same thing happening in Vancouver with MEC, Mountain Equipment Co-Op, Canada's largest outdoor equipment retailer. Built a large brand new headquarters, spent way too much money, ended up trying to rent a large portion of the new headquarters out.

[XXtwindad]

Originally Posted by ORMojo

I'm not sure why this would be"not good news."

It appears they are selling because recent experience with remote work has been so positive for them. If this leads to more flexible remote work (which they indicate), less commuting by ICE, and many other possible benefits, and it works for the company, where is the bad news?

Definitely one of the silver linings of the Pandemic. Much better environmentally.

[jlwdm]

Originally Posted by theboucher

What does this mean?

I think you know what it means.

Jeff

[peanutgallery]

Next victim, those that "work" from home

Now that the MBAs have finally figured out the inefficiency of commercial properties, they'll hone in on the fact that what took days to accomplish at the office happens in 3 hours when working from home. They have too many employees

Methinks the workplace as we know it is changing