Ours if offsite at a hotel in the heart of Manhattan. People have to leave work in shifts so we can get out of the building in an "orderly fashion" and not overcrowd the elevators. It also helps alleviate the crush at the other end. The company issues wrist bands so you can get into the venue (you must also have your company ID) plus it gets you two cocktails/wine/beer. The food is mediocre passed hors d'oeuvres, the music is so loud no one can hear one another and it takes forever to check your coat and then retrieve it later on. I have never gone myself, but this is what is reported by many people. Plus, it's from 3:30pm-6pm next Tuesday.
I'll go home early that day.