Post-Labor Day sees an increase in office attendance with some companies requiring employees to work in-person five days a week.
Office attendance in New York City has been a topic of interest as the city navigates the aftermath of the pandemic. The term “return to office” was widely discussed by leaders and executives, but has since faded from conversations. Estimates of office attendance vary, with some sources suggesting it has stabilized at around 75 percent of pre-pandemic levels, while others indicate higher figures such as 84.1 percent in August.
Kathryn Wylde, president of the Partnership for New York City, mentioned that office attendance has stabilized at approximately 75 percent compared to pre-pandemic levels. However, data from foot traffic in 1,000 office buildings across the country suggests that office attendance in New York was even higher at 84.1 percent in August. On the other hand, a company tracking “swipes” in office buildings reported a 52.7 percent attendance rate in New York during the week of September 18. Despite this, another company monitoring swipes noted an 18 percent surge in office attendance since Labor Day, hinting at potential changes in leasing patterns and positive prospects for commercial real estate.
The decline in the use of the term “return to office” in conversations among political and business leaders indicates a shift in focus from returning to physical office spaces. Various data sources provide conflicting estimates of office attendance in New York City, with some suggesting a stabilization around 75 percent of pre-pandemic levels, while others indicate higher figures such as 84.1 percent in August. The discrepancy in these figures highlights the complexity of assessing office attendance in the current environment.
Kathryn Wylde, president of the Partnership for New York City, mentioned that office attendance has stabilized at approximately 75 percent compared to pre-pandemic levels. However, data from foot traffic in 1,000 office buildings across the country suggests that office attendance in New York was even higher at 84.1 percent in August. On the other hand, a company tracking “swipes” in office buildings reported a 52.7 percent attendance rate in New York during the week of September 18. Despite this, another company monitoring swipes noted an 18 percent surge in office attendance since Labor Day, hinting at potential changes in leasing patterns and positive prospects for commercial real estate.
The decline in the use of the term “return to office” in conversations among political and business leaders indicates a shift in focus from returning to physical office spaces. Various data sources provide conflicting estimates of office attendance in New York City, with some suggesting a stabilization around 75 percent of pre-pandemic levels, while others indicate higher figures such as 84.1 percent in August. The discrepancy in these figures highlights the complexity of assessing office attendance in the current environment.
Source: The NY Times
