I don’t know about peak office but I think we have reached ‘peak cynicism’ when it comes to RTO - almost none of us believe the C-level when they talk about ‘culture’, ‘creativity’ or ‘productivity as the primary motivator of going back to the office do we? A popular theory as to the real driver is the need to shore up
commercial real estate valuations, a point which brainfooder
Andrew Spence makes in this essay. Whatever the case, we are once again finding that global financial institutions are
overexposed to US commercial real estate markets, and somebody - at some point - is going to be left holding the bag.