This smells like a sunk-cost fallacy. My counterargument would be that there has been a massive captive market for commercial real-estate that has now, thanks

This smells like a sunk-cost fallacy. My counterargument would be that there has been a massive captive market for commercial real-estate that has now, thanks to high-bandwidth networking, been exposed as superfluous. The pandemic ripped the bandage off our collective eyes. People are now seeing that it is not necessary to jam employees cheek-by-jowl in order to extract value from them.