Commercial real estate owners need RTO because their stocks and assets are valued on feels. If most companies are paying for empty buildings, line goes down because they are perceived to be sure to sell.
And especially with really big corps who actually own their buildings, if it’s empty and perceived to be worth less, the company is worth less.
Right, but if you have a tenant then you don’t care what their WFH policy is.
Oh yeah you do, since your revenue depends on how many asses they expect to be in those seats.
Companies that are hybrid and go remote don’t renew their commercial real estate contracts.
If they are not planning to renew their leases, then they aren’t doing the bidding of their landlords as OP suggested.
In other words, if a company (for some reason) wants to please commercial real estate owners, it doesn’t have to end WFH.
And if it doesn’t care about pleasing commercial real estate owners, then it must have some other reason for ending WFH.
Commercial real estate owners need RTO because their stocks and assets are valued on feels. If most companies are paying for empty buildings, line goes down because they are perceived to be sure to sell.
And especially with really big corps who actually own their buildings, if it’s empty and perceived to be worth less, the company is worth less.