That's not necessarily true, though. For instance, real estate investors have a lot to lose from vacant office space and therefore would benefit from RTO.

I personally find that I enjoy in person collaboration but that should not mean we should universally force every team to come back to the office.

I never understood this argument. Most companies do not own their office buildings, but rather lease space from corporate landlords. It is in the best interest of these companies to dramatically reduce their lease burden via WFH. Why would a company totally unrelated to real estate investment act against its own self-interest just to prop up real estate investors?

This is a weird conspiracy theory. You'd have to believe that real estate investors were pulling the strings in companies to get them to spend more money with no upside. Like they're just milking these companies for rent and the companies are doing it because they want to give money to the real estate investors?

Even in the rare case where real estate investors are also investors in the startup, my experience is that the startup gets reduced-rate rent as a bonus.