Return to office requirements are pure real estate propaganda. Corporate real estate is plunging like a rock, unlike private real estate. Buildings are standing empty and more are opening up.
These corporate realtors “find themselves” on boards of major companies and, lo and behold, a wild “return to office” mandate rears its ugly head. An artificial “need” for corporate space is “justified.”
In truth, it makes no business sense to have most roles onsite. Hire good people who will work well in spite of being remote, or there’s enough nannyware out there if you’re paranoid about what everybody is doing. Otherwise you save on rent, energy, maintenance, phones and internet, among other things.
Well, don't forget that some of these companies count their real estate as part of their worth. The company's total worth actually is going down if the offices are not in use and its not as simple as them just renting it to someone else.. Because demand is down EVERYWHERE.
(post is archived)