[hash07e]

Because the banks and local govt bet a lot on commercial leases.

Banks says they are solvent because they have "hard" assets to borrow against. Govts promises the paradise with future taxes.

Got to the office? Pay toll

Got a coffee? Pay taxes

Consume more petrol/gas for your car? Pay taxes.

More electricity? pay taxes.

You can't expect they let you out so easy right?

[chandler767]

Yeah, but why would the startup I work for care about that?

[ipaddr]

Because they have no idea of what they are doing. At best they are copying others but most likely they are afraid you will not be working without someone looking over your shoulder. A lot of times they do it as staging theater for investors (look at my team working in a cool hub) others to impressive customers (having an address in a locale is part of branding). No one does it for better ideas. Cheaper to fly everyone for a retreat if that was the case.

[chandler767]

"We don't know what we're doing so we are copying you" - Explains most weird startup behaviors.

[hash07e]

Becase the fund that invest on your startup does.

because the board members have leases nearby.

because someone that is invested want you to go there, spend money or create expenses (consume food from cafeteria,etc.)

If the student does not go in person to a university how valuable is the commercial lease at the university?

[shyn3]

Its amazing how banks are offering reduced interest rates and more money if you are willing to rent out a building at a loss. If it's happening here, it's happening everywhere.