Sounds very inefficient to me but I guess people like us are a minority.
Gladly in my country we have 0 case (Hong Kong) so we work at the office now, thank God.
Yet the [zero covid] approach has largely cut off Hong Kong from both China and the world - a severe blow for a place that built its success on global connections. Even more than recent political changes, the authorities' refusal to adapt to living with the virus is eroding Hong Kong's viability as an international city, according to almost two dozen diplomats, chambers of commerce, recruiters, pilots and other expatriates. ....
In a survey released this month, the British Chamber of Commerce found that 70 percent of respondents hoping to add staff in Hong Kong had encountered difficulties, with many citing quarantine restrictions. ....
Jan Willem Moller, chairman of the Dutch Chamber of Commerce, said that about a quarter of Dutch businesspeople have left this year, and that the departures would "increase significantly" if the quarantine rules stay in place ....
At least 240 Cathay pilots have quit since May, according to employees who reviewed internal numbers. The carrier is reeling, with staff morale at "rock bottom" after hefty pay cuts last year and more departures imminent, several pilots said ....
Resentment spilled over last month when more than 120 students were ordered to a government quarantine camp known as Penny's Bay after they were deemed to be contacts of a pilot who was among three who tested positive on return from Germany
https://www.yahoo.com/news/hong-kong-clinging-zero-covid-132...
Through most of things China itself had a zero covid approach too.
Being in co-working space/office gives you some social interaction, less chance teenage neighbor is blasting latest trance tunes on really loud speakers on one side and another neighbor is tearing down/renovating his apartment with loads of jack-hammer action, perhaps you just don't have enough desk space at home, maybe it's easier to switch between work and personal life by having some (short) commute ...etc. Some of those might be all the time - and some might be every now and then.
Meanwhile not being in same "central" office with colleagues give you more independence/autonomy. Beyond having less interruptions (e.g: it's easier to avoid/ignore a chat/email than a physical shoulder poke), some people prefer (or actually perform better) when interactions are less "real time" and more async, or perhaps they just concentrate better at 4am or 10pm ...etc.
And in general idea is that co-working offices don't need to be as big/crowded nor as far as big company offices.
Though I'm not sure how much last part applies to places like Hong Kong (many people, relatively short distances)