America’s return-to-office has been a “lagging return,” reports the Washington Post: Even with millions of workers across the country being asked to return to their cubicles, office occupancy has been relatively static for the past year. The country’s top 10 metropolitan areas averaged 47.2 percent…
It’s no doubt to justify all the money they poured into real estate and buildings. If people don’t come back then they have all these liabilities to deal with
Lots of companies have sold their real estate, and the ones that lease…. Leasing a whole building is a big item on a budget, you can do a lot better by just not using it if you don’t need it
My company went the opposite route. They sold the property with a 4-story building and now lease only a single floor for a semiannual in person meeting. They’ve fully embraced WFH, although we have a handful of cubicles for anyone who wants or needs to come to the office.
I know I could probably make about 10% more going somewhere else, but no way I’d be willing to do that without a WFH guarantee, and a lot of places aren’t willing to do that right now.