It seems like the banks that took massive investments in commercial real estate really need people to get back to the office.
The article sums it up pretty well:
A need for in-office mentorship, collaboration, and accessibility are cited as reasons for the push to return to offices.
But that may not be the only reason that Dimon and other banks, including Goldman Sachs (GS) - Get Free Report, are pushing to end remote work.
Banks are exposed to significant loans outstanding for commercial buildings that have become less valuable because vacancy rates have risen. If vacancy rates remain high because of remote work, rising interest rates and depressed valuations could cause delinquencies and defaults.
Banks are also more directly exposed because they've invested big money in commercial real estate. For example, JPMorgan is building one of the tallest structures in New York at 270 Park Avenue, a 1,400-foot (430m) tower designed with 70 stories and space for 15,000 workers.
It seems like the banks that took massive investments in commercial real estate really need people to get back to the office.
The article sums it up pretty well: