Recreational Equipment Inc. is looking to sell its custom-made new headquarters and allow employees to work from home or other offices, the latest sign that the pandemic is driving companies to ditch central offices to raise cash. The property features outdoor staircases and bridges, a courtyard of native plants, and skylights to let in sunshine and air. But the cooperative said on Wednesday it was trying to find a buyer for the property before ever moving in. Instead of a single headquarters, REI will open a number of smaller offices and allow employees to work remotely, the company said. Trying to terminate expensive office leases or selling properties is one way to boost cash.

Source: Wall Street Journal August 12, 2020 20:15 UTC