If I don't have a dedicated desk where I can leave stuff, I won't be coming to the office. Simple as that. Wasting time commuting is bad enough, but if I'm not even worth 2 square metres, why would I want to work for those people?
I’ve been amazed that none of the companies who have long-term leases they hate to waste have tried building actual personal offices for their staff in the space. Let the folks who moved further away stay home, but make the actual office experience something better.