And outdated perceived value of presence - that in-office behavior can be more strictly monitored and controlled, that it leads to increased productivity, and that the social aspect leads to more company commitment.

Aside from direct visibility of behavior, none of these are true. Productivity generally increases without the commute, with the ability to make a lunch in your own homes, etc, due to the reduction in stress. Studies have shown it to be a win-win, but outdated management styles that still dominate at the top end of management doesn't believe or doesn't care.