OMICRON VARIANT
A voluntary return to the office, during the second half of January, resulted in a slight increase in the Index. The Province has started to relax restrictions meant to slow the spread of Omicron. This should have an impact on the February 15th Index. Overall, employers are still unprepared to provide firm dates on return-to-work strategies.
The use of transit remains a key roadblock for many office workers in the downtown core. SRRA conducted a limited study of the return to the office in the 905 and found a higher level of voluntary in office workers. More on this in the next Index. Stay safe, your SRRA Team.
Links to Articles of Interest
Dig beneath the headlines!
Dramatic shifts in travel patterns caused by COVID forcing the TTC to re-think its revenue tools?
News flash! Younger workers need places to live when they leave home.
“The Occupancy Index is supported by the City of Toronto, Financial District BIA, Bloor-Yorkville BIA, The Waterfront BIA, Downtown Yonge BIA, St Lawrence Market BIA and Toronto Entertainment District 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],”