Offices in New York, Nationwide Hit Peak Post-Pandemic Occupancy
- New York office buildings were 48% full last week, Kastle says
- 10-city national average increases but remains below 50%
Workers arrive at offices in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Offices in New York and other big US cities last week filled to their highest levels since the pandemic hit, but occupancy still hasn’t surpassed 50% in most places.
New York offices tracked by security firm Kastle Systems were 47.8% full in the week ended Oct. 12, up from about 44% in the previous two weeks, each of which had school holidays that kept some workers homebound. That’s the highest occupancy since early March 2020, right before Covid-19 lockdowns took effect. Kastle’s 10-city average occupancy also reached a post-pandemic high, at 49%, boosted by cities such as Austin, Texas, where offices are nearly two-thirds full.