Obviously no company cares about real estate prices, but they often fall for the sunk cost fallacy of 'we are paying for this office space that we aren't using, so people should work in person'.
My company said this explicitly about their WeWork credits.
1/ One of the best podcasts I have listened to in a while. In this episode, Lenny Rachitsky and JZ dive into what it takes to build 'loveable' products.