'Folks don't live near the office anymore': Remote work guru Nick Bloom gets real on why RTO is so hard

Despite return-to-office mandates and a move toward more hybrid and in-person work, employees are moving farther away from the office. That may not make sense until you look at the price of housing in city centers where most office buildings are located. Indeed, home prices in more than 85% of U.S. cities in the last quarter of 2023, according to the National Association of Realtors.