• We asked five CEOs, at companies including Skillshare and Hired, why they decided to get rid of their office space.
  • The CEOs said their employees want greater flexibility — and there are better ways to spend money than on rent.
  • Some companies are ramping up hiring or giving employees stipends to set up their home offices.
  • Visit Business Insider’s homepage for more stories.

Rent is expensive. And potentially unnecessary.

Since March, offices around the world have been eerily silent, as the folks who normally fill them have been isolating from the coronavirus at home. Many employers have responded by cutting their real-estate costs.

A Reuters analysis of quarterly earnings calls during a week in July found that more than 25 large companies intend to downsize their office space in the coming year. Business Insider’s Daniel Geiger reported that a growing number of employers — including Macy’s and Yelp — are subleasing their office space.

Some businesses have decided to pull the plug, trading office space for cyberspace for the foreseeable future. For companies that have been hit hard by the recession, it’s an obvious place to reduce spending — especially if employees have been just as effective out of their boss’ sight.

Business Insider spoke to five CEOs in a range of industries who opted to ditch their offices during the pandemic. We asked them how they arrived at this decision, where they’re saving money, and what kinds of challenges they’ve run into. All these companies have fewer than 200 employees, so the transition to remote work might be easier for them than for large corporations.

Read on for the executives’ insights.

Responses have been edited for length and clarity.

Mehul Patel, CEO of Hired

mehul patel hired

Mehul Patel is the CEO of Hired.

Courtesy of Hired

What the company does: Matches

Transportation firm Uber Technologies is looking for someone to take over five floors of its office space in Deep Ellum.

a large building with a mountain in the background: Uber is hunting someone to take over its lease of five floors in the Epic office tower just east of downtown Dallas.

© Smiley N. Pool/Staff Photographer/The Dallas Morning News/TNS
Uber is hunting someone to take over its lease of five floors in the Epic office tower just east of downtown Dallas.

The almost 116,000-square-foot sublease in the Epic office tower on Pacific Avenue is just the latest case of companies looking to fill surplus office space during the pandemic.


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Commercial property firm CBRE is marketing ride-hailing firm Uber offices on the eastern edge of downtown Dallas.

Uber opened its Dallas office in the Epic tower last year. At the same time, it announced it was taking an even bigger space in another office tower under construction next door.

Real estate information firm CoStar first reported that Uber is now seeking to sublease.

The five floors of office space in the building at 2550 Pacific Avenue are available through mid 2023, according to CBRE.

The Uber space for lease includes offices, conference facilities, training rooms and lounge areas on the ninth through 15th floors, according to CBRE’s marketing material.

The move to sublease its Deep Ellum offices is the second change Uber has made this year for its planned Dallas regional operation.

In the summer of 2019 the California-based transportation company said it would open a Dallas office with at least 3,000 workers.

The planned Deep Ellum operation was to have been Uber’s largest hub outside of its San Francisco headquarters.

In November Uber and developers KDC and Westdale Real Estate broke ground on a 23-story, 470,000-square-foot office tower to house thousands of Uber workers starting in late 2022.

The Epic office high-rise is still under construction.

But Uber earlier this year said that it was pausing hiring for the