@simonzerafa I hear that one a lot. I was very recently in the C-suite and I will tell you that I don’t really believe it. I am sure there are a segment of companies where it is true - for example, architect firms, law firms, commercial property developers, and others that have a direct tie to commercial property (I suspect companies that own a large real estate portfolio as well), or where the company has received money/grants from local governments to hire a certain number of people to work from an office in their municipality.

For the vast majority of companies though, they don’t own the offices they work from, and so would stand to benefit financially if they terminated or at least reduced their office leases. In the US, at least, even if they have a lease they can’t get out of, there are still some significant benefits to not using the offices - such as tax write offs, savings on utilities, and so on.

I still think RTO largely is driven by vanity, ego, micromanagement, and staff/labor cost reductions.