Average weekly - 73%
Peak Day - Wednesday 84%
Low Day - Friday 44%
November continues to see a modest increase in the return to the office and we expect the data will confirm that trend into December and the holidays. We will be producing one more Index for the balance of November. In the past December is a month when consistent data is difficult to obtain and the return to the office is normally reduced due to statutory and personal holidays. As a result, we will not publish the Index for the month of December.
We continue to plan a Forum on the 24th of January on the Impact of Remote Work on Cities and Congestion, the two most pressing issues our data providers are requesting. If you are interested and would like to attend and/or comment, please let us know by return email.
Enjoy this week’s Articles of Interest.
Your SRRA team
Links to Articles of Interest
Be Mindful of the “Human Doom Loop” Caused by Remote Work
Is the Pendulum Swinging Away From Remote Work?
The Globe’s year-end review of commercial real estate prospects is possibly the most optimistic take on the world of office leasing and landlord headaches for quite a while. Tucked into this comprehensive review is news of a KPMG review of Canadian CEOs that suggests working from home may be losing its appeal – at least for those in the C-Suite.
Metrolinx Tells Toronto That Momentum for New Stations has been Lost
Smart Track isn’t talked about much these days but amid murmurs that Metrolinx has botched design for the East Harbour station, Mayor Chow was recently informed that key stations are to be “deferred,” a sign that problems with mismanagement of the Crosstown extend further than previously thought.
Will Downsview Start to Shift the Centre of Gravity in Toronto?
Plans led by Canada Lands Company and a public pension plan are moving ahead, to bring more customers to one of the underappreciated transit-blessed neighbourhoods in the City. But no indication that this massive project is looking to benefit from district energy to add to the list of potential plusses.
Controversial Views on Remote Work – No Smoke Without Fire?
A Silicon Valley exec looked under the hood of his company (and those run by his peers) and concluded that employees working remotely “weren’t actually doing much work.” Citing a stat that suggests more than 90 per cent of U.S. federal workers have not returned to the office, Peter Thiel wonders if the new administration is on to something with respect to productivity problems within the civil service.
“The Occupancy Index is supported by the City of Toronto, Downtown Yonge BIA, and Downtown West 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],”