Real Estate

Employers rethink offices, and function matters most


The Recreational Equipment Inc. (REI) headquarters stands in Kent, Washington, U.S., on Wednesday, March 4, 2020.

Chona Kasinger | Bloomberg | Getty Images

Last August, REI listed its newly built corporate headquarters in Bellevue, Washington, for sale without ever even moving into the building.

It marked a stunning reversal. In 2016, when REI announced plans for the campus, it said it would create a gathering place to foster creativity and bring together thousands of employees. But with many of its employees working remotely because of the pandemic, the outdoor recreation retailer decided to put the 8-acre complex on the market. It quickly pivoted its plans for office space to incorporate…


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