The pandemic was really a game change and affected a lot of things, for better and for worse. For sure company maintenance costs have gone down and contributed to savings; however, the bigger concern of management is employee productivity. It really depends on the role though.
WFH normalization is a big win for employees for sure. As for economic impact, it's more of a shift from Central business districts to other areas which I think is a good thing. In business anyway, if you don't adapt, you die. So that's definitely a big adjustment for business owners.
Talking about politicians, they can really just come up with useless policies just to milk its people. One good example is Makati's health certificate requirement taht just started last year. Makati LGU started to require All employees to submit XRays only from select clinics and pay fees. That's generating revenue from scratch regardless of where employees live as long as office is in Makati. Smart.