alt Hacker NewsDidn't mean to imply that was the only reason, so I've added another reason to my comment.
I haven't come across much of the debunking of the commercial property issue. I would say it's undeniably factor, but we can argue about the scale.
A total of $800 billion—in real terms—of value is at stake by 2030, and, on average, the total value of office space is expected to decline by 26 percent from 2019 to 2030.
https://www.mckinsey.com/industries/real-estate/our-insights...
You think XYZ Company is going to listen to some consultant telling them in a press release that they should go back into the office because some REIT needs more money in it? Why would the CEO of a tech company care at all what the value of their leased office building is? Do you understand how leases and real estate works?