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Analysis

Kastle's Office Occupancy Meter Surges

New York City notches 8.7% increase as 10-city average hits post-pandemic high of 47.5%.

Office building owners and landlords who have been hoping for a post-Labor Day surge in occupancy levels were rewarded this week with a solid bump in Kastle’s weekly back-to-work barometer, which has hovered at around 43% since the middle of March.

Kastle’s 10-city average, based on a survey of entry card swipes, jumped to 47.5% in this week’s report from last week’s level of 43.4%, with all 10 markets posting solid gains—led by an 8.7% surge in New York City, which jumped to 46.6% from last week’s level of 38% in Kastle’s report.

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Jack Rogers

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