Overall, returning to the office can provide numerous benefits for a company, from improved collaboration and communication to better mental health and company culture. While remote work may be necessary in certain situations, the office is still an important space for companies to thrive and succeed. Below are some of the reasons businesses are returning to the office and signing new leases. 

1. Improved collaboration and communication. When employees are working together in the same space, it’s easier for them to communicate, share ideas, and collaborate on projects. This can lead to more efficient and effective problem-solving and decision-making.

2. Increased productivity. While working from home can be convenient, it can also be distracting. The office provides a dedicated workspace where employees can focus on their tasks without the distractions of home life. This can lead to increased productivity and better results for the company.

3. Better mental health. Working from home can be isolating, which can lead to feelings of loneliness and disconnection. The office provides an environment where employees can socialize and interact with their colleagues, which can improve their mental health and wellbeing.

4. Improved employee morale. When employees feel valued and supported, they are more likely to be engaged and motivated. Returning to the office can show employees that the company cares about their well-being and is committed to providing a positive work environment.

5. Better company culture. The office is a space where employees can come together and build a positive company culture. This can foster a sense of community and belonging, which can lead to better retention and lower turnover rates.

6. Enhanced security. Working from home can put a company’s sensitive data at risk, as employees may not have the same level of security measures in place as the office. Returning to the office can provide better security protocols to protect sensitive information.

7. Enhanced professional development opportunities. The office provides a space where employees can attend training and development sessions, learn new skills, and grow their careers. This can lead to better retention and lower turnover rates, as well as improved results for the company.

8. Improved access to resources and equipment. The office provides access to the tools and equipment that employees need to do their jobs effectively. This can lead to more efficient and effective work, and better outcomes for the company

9. Better support for employees. The office provides a space where employees can receive support and guidance from their managers and colleagues. This can lead to better career development and opportunities for growth.

10. Enhanced business continuity. While working from home has been necessary during the pandemic, it is not always a sustainable long-term solution. Returning to the office can provide the stability and continuity that businesses need to thrive in the long run.

11. Taking advantage of the current office market rents. Rent concessions including free rent and tenant improvement packages are at an all time low while the glut of sublease space offers tremendous value to companies signing office leases.