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WFH is supports the very policies that the government wants, less pollution less traffic more mental health. Unfortunately the business lobbies want us scurrying around like rats again because you know. Profits. Cats out of the bag now, no going back.
It's not even about profits. If companies don't have to pay for expensive office buildings they can save money. It's all the middle management realising their jobs are are unnecessary.
True for companies that aren't locked into their pre-covid space. Some have decades-long leases, others own the buildings outright. My last place was able to walk away from a lease that they had just signed months before covid hit, and downsized to a space that just had some meeting rooms, a couple offices for execs, social space and server rooms. No need for a bunch of desks, they went 100% remote during lockdown and decided to stay that way permanently.
Business lobbies? Profits? This train of thought has derailed somewhere. WFH saves on real estate, increasing profits.
Not for office block owners, who are the ones whinging the very loudest :(
True
If there is less demand for people leasing offices, the property valuation will drop. There's also another school of arguments where people commuting drives business to the areas they commute through, but idk how much that argument still holds with the rise of online shopping.