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.
Three Texas cities continued to outperform other markets in the 10-city office occupancy chart: Austin tops the leaderboard at 60.5%, followed by Houston at 56.8% and Dallas at 54.9%.
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