Occupancy Index - October 1st

For September 2020, the numbers of tenants and landlords reporting occupancy increased to the point where the sample size exceeded our minimum of 10%. Building managers submitted data representing 24% of buildings in the study area. Tenants interviewed for the study occupied 8% of the office space. While every attempt was made to get an even representation from large buildings and small and from tenants who represented different types of business the process of obtaining a complete balance is still underway and will be reported on in greater detail in future reports.

Buildings reporting represents                               21,657,013 sq. ft. or 24% of all buildings

Returned to work in those buildings as a percentage of normal occupancy

Sept 1st                       Sept 15th                      Oct 1st

    7%                               10%                             9%

31 Tenants interviewed represents                        7,586,456 sq. ft. or 8% of all tenants

During the interviews questions related to;

·         working remotely pre-COVID during COVID and post COVID

·         current number of employees who work in office

·         conditions in premises to allow for return to work

·         use of transit pre-COVID and currently

Responses:

Pre-COVID employees working remotely was 4%. During September companies with all their people working remotely was less than 20%. Companies planning a gradual return was approx. 40%. Companies not planning a significant return before January 2021 was approx. 40%

All companies were reporting compliance with Government regulations and recommendations.