The company pays for that office. Maybe they own it, maybe they lease/rent it. If it sits empty, then it is a non-performing asset and they need to get rid of it. Or shrink what part of it they rent until there isn't any "wasted" space.
Cities depend on property taxes. If all the offices suddenly stop being used as offices, they're going to have a terrible time. Nobody is paying taxes.
Commercial real estate is over built. If too many companies decide that they don't need commercial space anymore, then the market is going to collapse. Every one who borrowed money to build/own commercial real estate is going to find their bubble getting popped. Like the 2007-2008 meltdown in residential property.
If commercial real estate gets re-valued to reflect the newer, much lower, need for that space, then asset values fall through the floor. So anyone who still is paying taxes will be paying much lower levels of taxes. More bad news for cities.
Too many managers depend on people sitting in chairs. This is usually called "presenteeism". Part of the problem with presenteeism is that people feel forced to show up to work even if they are sick. Mismanagers usually don't know what you do. Or how to measure whether you're doing a good job or not. But they can see whether you're at your desk or not.
Manager empires are based on the number of people. If all of your minions are working from home, then other mismanagers cannot measure your status any more. Likewise, this leads to why many mismanagers pad their staff so that they can appear to be more important. Unimportant managers don't get "good" parking spaces, nor good corner offices. Nor do they get admiration from the other mismanagers.
Cities depend on property taxes. If all the offices suddenly stop being used as offices, they're going to have a terrible time. Nobody is paying taxes.
Commercial real estate is over built. If too many companies decide that they don't need commercial space anymore, then the market is going to collapse. Every one who borrowed money to build/own commercial real estate is going to find their bubble getting popped. Like the 2007-2008 meltdown in residential property.
If commercial real estate gets re-valued to reflect the newer, much lower, need for that space, then asset values fall through the floor. So anyone who still is paying taxes will be paying much lower levels of taxes. More bad news for cities.
Too many managers depend on people sitting in chairs. This is usually called "presenteeism". Part of the problem with presenteeism is that people feel forced to show up to work even if they are sick. Mismanagers usually don't know what you do. Or how to measure whether you're doing a good job or not. But they can see whether you're at your desk or not.
Manager empires are based on the number of people. If all of your minions are working from home, then other mismanagers cannot measure your status any more. Likewise, this leads to why many mismanagers pad their staff so that they can appear to be more important. Unimportant managers don't get "good" parking spaces, nor good corner offices. Nor do they get admiration from the other mismanagers.