The best half cocked reason I’ve heard from my own employer, is optics when clients are visiting and tours and shit. It’s not a good reason, but it was the only reason I’ve heard with any explanation.
There are plenty of people that I know that like going to the office and others that like hybrid. I am hybrid 3 days at home, and I’m okay with that, and if I want to, I’ll just say I’m not coming in, and nobody asks questions. The point is, if you need asses in seats, find the people in the company that want to, and work within those bounds, or incentives fringe people if you need more. If my company required RTO, I’d immediately update my resume and start shopping around.
InternetCitizen2@lemmy.world 3 weeks ago
Tax breaks for having asses in seats at certain geographic locations.
W3dd1e@lemmy.zip 3 weeks ago
Actually, I work in commercial real estate.
It’s not uncommon for there to be triggers on these loans that go into effect when a tenant vacates a property, even if they are still paying rent.
They direct control of their rents and they have to pay a monthly fee for management.
I can promise you, the only reason we returned to remote is luck. Our lease happened to be up at the same time our moral dropped.
Still, many of our employees cheered and celebrated the announcement. Take the wins where you can.
InternetCitizen2@lemmy.world 3 weeks ago
Sorry for the ignorance, but why would a lender care about the occupancy of a building?
W3dd1e@lemmy.zip 3 weeks ago
No worries! Ask as many questions as you like!
It affects the value of the surrounding spaces.
Example: A strip mall has a grocery store. If the grocery is active on the property, the surrounding spaces are more valuable to rent. The landlord can rent the spaces to restaurants retail stores because the grocery store has a lot of foot traffic.
If the grocery store “goes dark” or stops operating at the strip mall, the neighboring Chipotles and Game Stops lose money and close. The landlord can’t fill those spaces as easily as when the grocery store was there.