Don’t expect anything to change soon. Some leases will expire in 2025, but, of the companies that currently hold leases, nearly half of them will see their lease extend to 2028 or later.
Other Reasons for RTO Pushes
The biggest reason companies cited for their return to the physical office space was fostering collaboration and teamwork, with 69% of surveyed companies saying this.
“The primary drivers for requiring employees to return to the office include fostering collaboration and teamwork (69%), improving communication (58%), strengthening company culture (51%), boosting productivity (47%), and simplifying employee management (41%)” -the report
Not covered by the report? Any of the benefits of fully remote work, from the time management upside for employees with small children or those with disabilities, to the productivity or happiness gains that some studies have found.
