[dexwiz]

Banks and real estate. Commercial real estate, not just the offices but the also the surrounding businesses, is a large portion of investment funds like pensions and mutual funds. Something like 15% of the overall investible market is commercial real estate. Online shopping has already done damage to this portfolio with places like Malls massively devaluing.

Also if you are going into the office less then things like air travel and hotels also suffer. If you don't go into to your own office, why travel to another company's office?

Adults spent a lot of time at work. A surprising portion of the economy exists just to support this second space, often in high cost areas.

[taylodl]

As a result, municipalities are offering tax incentives for RTO, even if it's only 3 days per week. That's what forced the company I work for to do a 3 days per week RTO earlier this month.

As an added bonus, the company may benefit from a quiet layoff. If you do an RTO with no exceptions, then some of the staff will be forced to resign. All the company has to do is look through the employee database and get a reasonable estimate of the impacts. In the case of the company I work for, they exempted people who lived over X miles from an office facility - so they weren't looking for a quiet layoff. They just wanted those sweet tax incentives.