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It's not because of commercial real estate that offices are forcing people back.
It's simply because managers who are in charge of making that decision prefer to be in the office.
They like everyone in the office, so they're forcing it on everyone. Either because it makes them feel more powerful to look at all their underlings, because they enjoy working face-to-face (probably how they got high up in the company), or because they suck at their jobs and can only micro-manage by looking over people's shoulders
Absolutely. This was the entire reason the CEO at my last company forced everyone to return to office, giving local managers zero latitude to allow flexibility. He sent out videos saying crazy things like "introvert or extrovert, we're all energized by working in person together!" Just completely tone deaf bullshit. We got a month's notice for when we had to return, and I found a new job in that month and am much happier now.
Zero reason for people to be in the office if they can be just as productive as home, and happier doing it.
Middle managers/controllers will be automated soon, no worries.
I wish I shared your optimism. ChatGPT looks like a drop in replacement for some of the buzzword spouting VPs already but I wouldn't hold my breath because they've been using it as an excuse to get rid of the rank and file instead.