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Office mandates don’t help companies make more money, study finds
(www.spokesman.com)
This is a most excellent place for technology news and articles.
Commercial leases are not always a 1 year lease though, like an apartment. They could be in a 10 year lease so I think it's still valid a lot of times. Obviously there are also additional factors but some companies are still stuck paying for a building they can't use.
Sunk cost fallacy. This is not difficult to grasp. The money is gone regardless of whether people are in the building.