this post was submitted on 29 Jan 2024
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Office mandates don’t help companies make more money, study finds (www.spokesman.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Office mandates don’t help companies make more money, study finds::Three years after the coronavirus pandemic sent people to work from home in record numbers, U.S. employers are still struggling to get people back to the office.

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[–] frezik@midwest.social 1 points 1 year ago

The implication is that when those leases come up over the next few years, office space will be cleared out, and we'll see companies give up on return to office mandates. We'll have a glut of commercial real estate to rezone and convert into residential apartments (either total rebuild or remodeling the existing space, depending on the building). Work from home should settle into a constant rate, perhaps even slowly growing as more workers come to expect it.