Yeah, this is exactly what I do, I work remotely but have a bright, relaxed office 10 minutes walk from my house. I can see this being a more popular arrangement in the future. Perhaps instead of companies spending money on giant cubicle offices they give their employees an 'office allowance'. Taking London as an example, you have many people commuting into the city from areas with cheaper housing to expensive offices that are located in the heart of the city. The money spent on deskspace for that worker in the city would go a lot further if they had office space where they'd just come from. Not to mention the transport savings, both for the individual and the system as a whole (which is already making some cattle carts look roomy during rush hour). Walk round London for a day and you'll find windows filled with rows of people staring at their computers. The majority of the time they're just stuck there looking at that computer. Making them travel 2,3,4 hours each day seems unnecessarily cruel, a relic of a time before email and skype. Let's not discount the value of face to face, but the fact is that this makes up a small part of the average worker's work. Most companies implicitly acknowledge this by reserving only the dayless rooms of their basement for meetings.
There's a startup idea or two waiting in this space, there are many fundamental inefficiencies in the way business is currently conducted. There's potential for both improving quality of life and reducing costs.