Average weekly - 78%
Peak Day - Wednesday 89%
Low Day - Friday 50%
Policy governing where you work is maturing in most organizations. The advocates of remote work and those who believe in more in-office work are starting to reach a medium ground. Prior to COVID the estimate of work done remotely by office workers was 5%. Some new economy employers permitted significant percentage of remote work and traditional organizations permitted none.
Based on the data to date, we can see the majority of companies who rely on work done in offices now permitting some remote work on an ongoing basis with the average amount of remote work growing to at least 15% over all companies. That number could easily reach 25%. At 78% the current Index for Toronto indicates the amount of remote work done by office-based employees could become a permanent change from before COVID of over 20%.
Your SRRA Team,
Links to Articles of Interest
Major Australian Study “Unequivocal” – Working From Home an Overall Benefit
In a study that began before the pandemic, researchers in Australia confirm that employees are happier and more productive when the have the flexibility to work from home. While for some there continues to be debate about productivity, the study found that healthier diets, and a better work-life balance contribute to improved performance and team cohesion.
Quotes from a Leading Architectural Practice Worth Considering
“The foundation of a great workplace is its ability to drive productivity. Productivity has changed radically and so the workplace is changing as well. Two of the greatest impacts on the workplace have been the rise of distributed and asynchronous working – trends fuelled by technology and accelerated by the pandemic. No longer do we need to be in the same place at the same time to be working on the same undertaking. We can collaborate on projects in different countries and in different time zones.
Politics Aside, National League of Cities Pushing for Investment in Infrastructure
The National League of Cities is already hard at work lobbying Congress for the next round of surface transportation investments to the tune of a trillion dollars.
No Substitute for Quality – “Trophy” Office Landlords Not Worried About Tariff Threats
Amid the confusion and doubt, New York’s blue-chip landlords are sending out positive vibes, declaring that their lease deals are solid – owing in large part to the long-term quality of their buildings and premium locations. One hope that similar thoughts are being thought in Toronto’s office market.
Toronto’s Future Skyline Taking Shape? New Towers Announced Adjacent to Crosstown
Years from now, keen observers will be able to pick out the route of the Crosstown from the air by spotting a pattern of tall condos built adjacent to the glass box stations. The latest announcement is a 43-storey condo at Caledonia, one of several very tall towers proposed in the neighbourhood, with several likely to top 50+ storeys. A majority of the 600+ units of the latest project will be one-bedroom, calling into question who will be in the market for more shoe boxes in the sky.
“The Occupancy Index is supported by the City of Toronto, Downtown Yonge BIA, and Downtown West BIA. It is a measure of the percentage of office employees returning to the office compared to the number of employees who would normally have come to their offices pre-COVID. For a detailed description of the calculation please contact Iain Dobson at [email protected],”