Whatever progress employees in New York City made in returning to the office has been at least partially reversed in the last week, according to a barometer studying this trend by Kastle Systems.
Indeed, the 10-city national average of the barometer fell from 27.1% to 25.1% last week—its lowest point since early September.
The steepest declines came from Washington, DC and Chicago, where building occupancy rates fell 4.2% to 20.2% and 16.2%, respectively. New York also experienced a steep drop, down from 16.9% to 13.1%, resuming its former position as the least open city on the Barometer, according to Kastle.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
