My RTO'd team of 13 is distributed across 3 office and not evenly distributed (8, 4, 1) so the probability of the person you need being in the same physical office is ~43% instead of the 0%. So overall it's better if you value in person and I say this as the 1

There's a 100% chance that you can't work in person with your full team, so if you think in-person work is important I'm not sure how overall it can be better value, since you won't get that.