There have been many theories on how companies can entice employees to return to the workplace, one being to create a welcoming environment for them. Fierce advocates of remote work tend to scoff at that advice but at least one company's experience suggests otherwise.

HSBC inaugurated its new US headquarters at The Spiral yesterday, an office building in New York City's Hudson Yards neighborhood, marking its largest US relocation to date.

The bank started to relocate staff to the new office in Februar and since then employee attendance has jumped to 80%, said Michael Roberts, CEO of HSBC in the USA and the Americas, at the opening ceremony, according to Reuters.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.