“Facebook just did the biggest office lease in history in Austin.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Justin Bedecarre
PredictionPartly held up
Bedecarre: Apple, Meta, Salesforce, and Slack back in offices by April 2022
“Big tech, you know, that Apple, Salesforce, Facebook, Meta you know, Slack all of these companies are kind of targeting over the next couple months, but by April, they will all be back.”
Justin BedecarreFeb 27, 2022▶ 5:56The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
AssertionPartly supported
Bedecarre: BLS data shows only 5.5% of businesses reduced office footprints
“Only 5.5% of businesses have reduced their square feet relative to how many employees they have in the country.”
Justin BedecarreFeb 27, 2022▶ 29:35The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
AssertionContradicted
Bedecarre: SoMa office leasing rebounded to 9.6M square feet in 2021
“In Soma, as we define it, apples to apples to what I'm about to share 8.2 million square feet of office was leased. In twenty-twenty that sunk down below six. In twenty-twenty-one it was 9.6 million square feet.”
Justin BedecarreFeb 27, 2022▶ 4:13The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
AssertionSupported
Bedecarre: 81% of top 160 YC companies adopted hybrid work models
“We did a study of the top 160 YC, most valuable YC companies
published last year 81% of them are going hybrid in some form or fashion.”
Justin BedecarreFeb 27, 2022▶ 29:56The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
PredictionNot checkable as stated
Bedecarre: Companies Will Have More Physical Offices, Not Fewer
“A really interesting result of all this is that like, you know, companies are going to have more offices, not less.”
Justin BedecarreFeb 27, 2022▶ 32:54The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
AssertionNot yet assessed · timeframe Feb 2022
Bedecarre: San Francisco has lowest office occupancy of any major city
“Like the occupancy level in San Francisco is the lowest of any major city.”
Justin BedecarreFeb 27, 2022▶ 3:44The Office is Back!! But What Will It Be Like? Jason Lemkin & Justin Bedecarre of Raise.Work
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