The Village View

Monday, April 03, 2006

Oracle dumps space on Peninsula

Looks like some Siebel folks may have negotiated sub-optimal real estate contracts back in the day. A suggestion on how to avoid that in the future.

the software giant is on the hook for astronomical dot-com era rents for another decade...including $75.12 a square foot for 216,000 square feet at 800 and 900 Concar Drive, a rent slated to jump to more than $100 by the end of the lease in 2015....Average Class A rents in San Mateo are in the $25 to $30 range

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