Comments–
Many companies are now planning significant return to the office in April. Plans vary from 100% return by some small firms to variations of a partial and more obligatory attendance in the office. As a result, the Index may reach 25% by the end of the month.
Most companies are more insistent on some form of attendance in the office, however, an increase in sickness due to a resurgent in variations may dampen that enthusiasm. We are now seeing parking occupancy nearing capacity and an increase in subway use in the core.
Stay safe, your SRRA team.
Links to Articles of Interest
Dig beneath the headlines!
Local transit riders typically keep the guard up, for now...
Co-working space undergoing a revival?
Comparing events attendance to a return to the office shows continuing resistance in the U.S.
“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],”