Office tenants trying to anticipate return-to-office trends as they adjust footprints in lease renewals just had another cloud added to the fog of uncertainty shrouding predictions of a robust rebound in office work.
After weeks of steady increases, Kastle Systems' 10-city Back to Work Barometer recorded a slight decrease in average office occupancy, to 42.8% from last week's level of 43.1%.
The barometer, which tracks card-key swipes of office workers in 10 of the largest US markets, had risen from 40% in Kastle's March 23 report to 43.1% on April 6. Kastle's last three reports of the average appear to show a plateauing of the return-to-office trend, with the average hovering between 42% and 43%.
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