I agree with you - Dimon has a white elephant. Lots of commercial space being converted to residential condos. The employees have figured they can work at home, don’t have to spend time commuting, don’t have to spend money commuting or on clothes, don’t have to work with annoying colleagues, and don’t have to deal with the drudge of urban life. It will be tough to convince them to do otherwise.
Don’t forget the pay. Peak Covid I knew several people with 3-5 full time jobs. A top 20% worker 2hr/day can keep up with the bottom 20% 8hr/day and nobody is the wiser.
The vast majority of White Collar workers who have a choice will not be returning to the office. Companies that try to insist on it are simply not going to be able to get the experienced talent they want.