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Home News CRE

RTO Mandates Are Boosting Office Occupancy Across Major Metros

Data from Kastle Systems finds that occupancy in New York reached 47.2% on January 18, an increase from the 45.6% seen on January 12.

Aayat AlibyAayat Ali
January 31, 2023
in CRE
Reading Time: 1 min read
A A
RTO Mandates Are Boosting Office Occupancy Across Major Metros

Leaders have started to expect employees back in the office much to the delight of landlords — and chagrin of employees. 

According to data released from the Partnership for New York City last September, it was found that 49% of office workers were back in the office, up from the 38% seen in April 2022. By the end of January, the group anticipates that this number will have grown to 54%. 

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Now, data from Kastle Systems finds that occupancy in New York reached 47.2% on January 18, an increase from the 45.6% seen on January 12. At this pace, the city is on track to see healthy recovery, albeit not a full pre-pandemic rebound. 

New York’s return-to-office rate has been slower than other large cities across the country, but Kastle’s data shows that the overall growth could be a good sign for the future of office occupancy. 

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Source: Investopedia
Tags: CRE
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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