Occupancy Index - June 15

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Comments –

The increased occupancy in the last 6 weeks is due mostly to individuals returning on a partial basis. This is occurring in small to mid-sized companies but not so much in large institutional employers. The partial return may mean just few days a week or part of a day. Employers in these situations are responding to voluntary requests for the most part and we told these individuals are mostly double vaccinated.

We expect a steady increase in occupancy throughout the summer.

… stay safe - the SRRA Team

Links to Articles of Interest

Montreal government and business leaders take pro-active approach to encouraging return to the office when it is safe to do so

Report identifies drawbacks to WFH that threaten competitiveness of financial sector (culture, cybersecurity, uneven wi-fi speeds)

Newsvendors the new ‘canary in the coal mine’? Finance sector back in Manhattan offices as newspapers sell out before 9.30 a.m.

London stalls on re-opening due to variants but tech firms press on

This article is worth reading and then re-reading as there is a lot of nuance to contemplate

Bloomberg offers a less rosy view of the return to office in London

Optimism regarding return to a five-day work week

Generational differences defining views on returning to the office

One major U.S. firm INSISTING workers return to the office

Fickle behavior will define the office leasing market some predict

Messages for East Harbour?

New study credits ZOOM and similar technologies for role in keeping the economy moving through WFH

Survey comes down in favour of hybrid working (but remember that authors have a vested interest in communicating survey results)

Controversial leaked UK government document suggests one foot will still be on the brake after restrictions are eased in July – implicit support for hybrid working