It seems like every study and every data point is all saying the same thing: with exceptions made for meetings and occasional gatherings when physical proximity

It seems like every study and every data point is all saying the same thing: with exceptions made for meetings and occasional gatherings when physical proximity actually matters the vast majority of tech workers prefer to telecommute themselves, are more productive when telecommuting, it's obviously cheaper for the company to not rent absurd amounts of space where they can pay employees to be physically present and less productive, etc. So why exactly are we still having offices at all? Seems like if I were going to start a business today, I'd occasionally rent a meeting room and otherwise not have any real estate actually connected to it, aside from maybe a server room in my home or something. Why are we so obsessed with having physical locations for companies? Is this just a fad that won't die?