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Why would a company RTO to keep the building's investors happy? They probably have different owners whose interests are at odds. The real estate guys want the
by FredPret 3y ago
Why would a company RTO to keep the building's investors happy? They probably have different owners whose interests are at odds.
The real estate guys want the building full to maximize rent income, but the company owners want to minimize rent expense. They are min-maxing against one another.
Companies RTO because:
a) they are run by people who don't get remote work
b) they do something that involves being physically present
c) layoff-by-RTO
d) it's possible the government incentivizes RTO, but this is a short-term trick at best. RTO is unpopular with workers and most capital are invested in companies, not office buildings. All of those companies have a natural interest in minimizing rent.