It makes literally 0 business sense to be forking out anywhere from a few hundred to a few thousand per employee per month to give them a space to work, when that can just be avoided.
The amount of cost and overheads involved; from insurance to upkeep to rent to OHS - a work space is probably the next biggest expense for a company after salaries. One that can be pruned with very little pushback. And unlike an employee, that’s an expense that’s usually on much, much longer terms (decades in a lot of instances).
No alleged productivity gains are worth the time / cost, other than managers wanting to see the kingdom they rule over or they sit to gain from paying that money somehow.