I know more than a few extremely skilled engineers who'd leave if their team wasn't local, simply because they hate doing everything over virtual meetings.
No matter how much I you puff up about the advantages, most workers will choose cutting their commute to zero with the lost costs/ time wasted as a net positive. The calculation on workers remote / local benefits and costs were always there, but they're certainly more heavily scrutinized now. So sure those guys will find the few willing to come to office while the rest just make more staying at home. Enjoy!