Occupancy Index - October 15

Comments –

The holiday weekend may have had an impact on the increased return to the office. We nevertheless expect an increase in the Index by the end of October, possibly nearing 15%.

We note a particularly interesting strategy evolving. Tata CS in India, a 550,000 plus employer, has reversed its plans for a hybrid model. (That’s people, not cars!) Instead they will require most employees to return in the next three months and THEN work out the optimum hybrid solution. They argue that they need to build corporate culture after such a long period of maximum WFH.

For more; https://www.moneycontrol.com/news/business/why-tcs-employees-will-work-from-office-before-they-return-to-wfh-7572691.html/amp

… stay safe - the SRRA Team

Links to Articles of Interest

Take the time to read the articles, not just the headlines! 

Banker questions ability of employers to build and sustain a company culture working from home

 Positive trends in the U.S. as office workers start coming into the office again

 Only in New York! Retail investor hires artist to create inspiring murals – could this happen in Toronto?

 WeWork in London emphasizing pro-active positivity to persuade people to return to the office

 ‘In the move to remote work, we are losing our sense of connection to the workplace’…Not everyone will agree with the author’s emphasis but worth a read