I'd say after reading about this phenomena in other media, it's fairly common for tech workers right now. I understand the frustration of management to a certain degree, "what do you mean you don't want to come work in this beautiful expensive office now??? We have coffee, video games, etc!"
But the reality is I NEVER wanted to drive an hour for ANY office. I did simply because I had little choice. Now that I have a choice, I'm going to maximize it. It really is all about the travel time for me. I enjoy being in an office simply because it tends to make my day fly by... and I usually return home with great stories to share. But, the cost is way too high (time is money).
When I worked for Overstock, the CEO made such a big deal about this beautiful edifice he had erected.... The Peace Coliseum, it's called. The thing is, no one ever ASKED him to build it. As an engineer, I was quite satisfied at our old rented office space. But I get it, often when you're at that level, the edifice is an extension of your ego.