On the opening day of CREtech in NYC on Wednesday, Kastle Systems Chairman Mark Ein expressed confidence that average US office occupancy levels will reach 60%.
Kastle's 10-city occupancy average, based on its survey of entry card swipes, stalled at 43% in March—a level it hovered around for the next six months—and then registered a modest bump to around 47% in the weeks since Labor Day.
"It's been constantly increasing, in a stair-step way, but we shouldn't focus on the week-to-week or day-to-day," Ein told Globe St. at CREtech.
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