In a week when green shoots of hope are breaking out all over the place comes news that for the first time since the lockdowns of the pandemic, Kastle's weekly 10-city return-to-office barometer has reported an average office occupancy level of more than 50%.
The 10 major US metros in Kastle's survey—based on entry-card swipes—averaged 50.4% in office occupancy levels for the week ended Jan. 25 (Kastle's week runs from Wednesday to Wednesday, which is the day the work week most often ends in the emerging patterns of the post-pandemic hybrid workplace).
In another post-pandemic first, all of the metros tracked in the survey achieved office occupancy averages of 40% or above, including the city with the most troubled office sector in the US, San Francisco—which jumped more than two percentage points to nearly 46%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
