Back to the office has become a growing chorus from employers in different industries for a host of reasons: Higher productivity, greater innovative thinking—two heads—or 50—are better than one—and even an enhanced healthfulness, according to some.

But how well is this new trend working? Placer.ai's Nationwide Office Building Index recently looked at 800 office buildings. The results in its June 2023 recap don't reflect a roaring rush back, based on data from the first five months of the year. Numbers were more than the majority at 60% of pre-pandemic levels but that still means many aren't returning.

Indeed, in a separate measure that uses different criteria, Kastle Systems is reporting that office attendance has once again dipped below the 50% mark across 10 major US cities in recent weeks, despite the mandates. 

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.