I 100% agree there are people in management who just like to have a sense of power over people, but there are big corporations losing money over real-estate.

For starters, if you’re a firm who owns a lot of rental office space, you’re losing money on the businesses not renewing their license (which I’m not saying this is a bad thing).

Then, you have the huge corporate business who have a huge amount of office space which they own. A company in my city JUST finished a $250-million expansion onto their HQ right as COVID hit. That same land area is in a central location and was even being highly considered for high density housing before the company bought the land. The parking lot for the new building never gets more than half full. Fuck 'em.