Earlier quoted context omitted.
==reduces office space needs== While increasing their employees home-space needs. People will need bigger houses and apartments if everyone is going to work from home long-term.
If people have the option to work remotely, they're more likely going to move to places where land is plentiful and cheap.
Being forced to purchase a larger living space because a company decides to go remote is transferring a business cost to the employee. The same goes for being forced to move to a different neighborhood with land that is "plentiful and cheap" because you can't afford to buy a bigger place in your current neighborhood.