We just had a perfect example in San Francisco of a huge office building getting offered 20% of it's original cost to the company that owns it. A massive commerical real estate building getting devalued into the gutter.
Don't be fooled by anyone who says going back to the office is about building teams and creating community. No. It has nothing to do with humanity or what's going on between your two ears. Its about the space you fill with your butt in a seat in the building your company is paying for and now can't afford. You are a paper weight, a trash can, a toilet. Your presence in the office is just to make sure that there is a reason to have an office.
These companies sign long leases, and they are losing a shit load of money on them. Don't get me wrong, this will be devastating to the economy. We are in for tough times ahead because of stuff like this.
But, it's still not about you. Never was. Its about money and wasted space.