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Doing the bidding of the commercial real estate industry, which is one layer below the banks in the layer cake
That makes no sense. Commercial landlords collect rent regardless of how often employees are on site.
The real reason for RTW policies is that companies want to downsize without firing workers (and thus without paying unemployment). Hence:
Two of my previous employers went out of business or are on their final thread and moved out to some small office somewhere. Those buildings have each been vacant for about 2 years now. Can’t collect rent if no tenants
Right, but if you have a tenant then you don't care what their WFH policy is.
Companies that are hybrid and go remote don't renew their commercial real estate contracts.