• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home CRE

What Can We Expect For The Future Of Office Occupancy?

Changes in how Americans work could have long-lasting implications on tax revenues in cities with significant numbers of commuters, according to the Pew Research Center.

Emma AscottbyEmma Ascott
May 23, 2022
in CRE
Reading Time: 6 mins read
A A
What Can We Expect For The Future Of Office Occupancy?
  • The average occupancy of offices in 10 major U.S. cities is 38% – compared to the 54% of offices in the Austin metro area that are occupied.  
  • New data from The Partnership for New York shows that just 8% of Manhattan office workers have returned to the workplace full-time.  
  • Bisnow predicts that things are likely to level out at a 55%-65% return rate – but only on some days.  

New data from The Partnership for New York shows that just 8% of Manhattan office workers have returned to the workplace full-time.  

Manhattan’s thousands of offices are largely empty, and it looks like they will remain so for a while. Remote work in New York City won’t end post-pandemic; 78% of businesses plan to keep hybrid arrangements.  

Advertisements
Disaster Avoidance Experts

The exodus from office buildings and rise of remote work has prompted concern from some city officials, namely NYC Mayor Eric Adams. 

Adams has argued that fully reopening offices is vital for the city’s recovery because it will help low-income New Yorkers – whose livelihoods are tied to those workplaces.  

Advertisements
Maximize Flexible Space Revenue

This is a stark contrast to Texas and its return to office plans – which are rebounding quickly.  

It seems that almost nowhere has been more successful in bringing employees back to the office than Texas, where major cities in the Texas Triangle — Austin, Dallas and Houston — lead the nation in office returnees. 

The average occupancy of offices in 10 major U.S. cities is 38% – compared to the 54% of offices in the Austin metro area that are occupied.  

A multitude of factors are contributing to Austin’s ability to bring employees back to the office.  

Advertisements
Nexudus - Tech Stack Lovers

Austin has seen massive growth over the past 10 or so years, especially among young professionals who work in finance and corporate offices for tech companies like Amazon, Meta and Apple – all of which opened offices or expanded their operations in Austin over the last two years. These jobs are more likely to require employees to return to the office.  

Here are the five American cities with the highest office occupancy rates, according to Kastle’s data: 

1. Austin – 58.8% 

2. Houston – 50.9% 

More stories for you

Could Rural America Be The Heart Of Innovation In The Future Of Work

Could Rural America Be The Heart Of Innovation In The Future Of Work?

8 hours ago
Vacant Offices Get New Life As Cities Bet Big On Coliving

Vacant Offices Get New Life As Cities Bet Big On Coliving

9 hours ago
Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

16 hours ago
U.K. And Ireland Reach 4,000 Coworking Spaces

U.K. And Ireland Reach 4,000 Coworking Spaces

17 hours ago

3. Dallas – 49% 

4. Los Angeles – 39.8% 

5. Chicago – 37% 

Here are the five American cities with the lowest office occupancy rates, according to Kastle’s data: 

Advertisements
Disaster Avoidance Experts

6. San Jose – 31% 

7. New York City – 32.9% 

8. San Francisco – 33.4% 

9. Philadelphia – 35.3% 

Advertisements
Disaster Avoidance Experts

10. Washington D.C. – 36.6%  

What can we expect in the coming months in terms of office occupancy? 

Bisnow predicts that things are likely to level out at a 55%-65% return rate, but only on some days.  

Many companies are requiring employees to come back to the office for just a few days a week.  

Dell, which reopened on March 7 for voluntary return, said it emphasizes an “outcomes-based workplace model” and that employees can continue to work remotely or in the office. 

Advertisements
Disaster Avoidance Experts

Apple directed workers to return to its campuses and other offices at least once a week, starting April 11. On May 23, it will start increasing the requirement to three days per week. 

IBM offices reopened March 1, also on a voluntary basis, for fully vaccinated employees but hasn’t announced plans beyond that. 

Facebook parent company Meta has said it will continue to have a flexible, hybrid approach to workers’ return, including a program that allows extension of remote work for those who don’t feel ready to go back to the office. 

The future of the office is increasingly hybrid, but will continue to most likely change with the needs of workers.  

Does the commute have anything to do with cities’ return to office efforts?

Perhaps the commute on public transportation is less desirable than a private commute in a car.  

Metrobus has hovered around 70% of pre-pandemic ridership for months, but Metrorail, whose customers generally have more opportunities to work remotely and drive, lagged at about 30% in March.  

Meanwhile, motorists are reporting significantly more rush-hour traffic in recent months particularly after more offices reopened March 1.  

Morning traffic volumes on some arteries headed into downtown Washington D.C. grew, on average, by almost 9% between late February and early March, according to the District Department of Transportation. 

Regional transportation planners say they are hearing that some carpools and van pools (most common among auto-dependent commuters from farther-out suburbs) haven’t reformed as trips to the office have become less regular.  

It seems that when workers do actually have to come into the office, they prefer to drive… although many would rather not commute at all.  

Changes in how Americans work could have long-lasting implications on tax revenues in cities with significant numbers of commuters, according to the Pew Research Center. 

Now that many of the remote and hybrid policies that U.S. employers adopted out of necessity in 2020 are becoming permanent, some employees will be able to cut back or eliminate the time they spend commuting or move farther from their place of work.  

Fewer commuters, or workers who commute less often, will translate into a shrinking local revenue base and contribute to fiscal challenges for office buildings, and more broadly, local governments. 

Advertisements
Subscribe to the Future of Work Newsletter
Tags: CREFUTURE OF WORK®Workforce
Share71Tweet44Share12
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

Could Rural America Be The Heart Of Innovation In The Future Of Work
Workforce

Could Rural America Be The Heart Of Innovation In The Future Of Work?

byBill Mennerand2 others
8 hours ago

Rural workers are ambitious but face major barriers to opportunity, tools, and digital access.

Read more
Vacant Offices Get New Life As Cities Bet Big On Coliving

Vacant Offices Get New Life As Cities Bet Big On Coliving

9 hours ago
Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

16 hours ago
U.K. And Ireland Reach 4,000 Coworking Spaces

U.K. And Ireland Reach 4,000 Coworking Spaces

17 hours ago
Advertisements
Yardi Kube automates flex and coworking operations
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00