Occupancy Index - April 15, 2022

Comments–

There are moments when the core seems to be back to life. But the data still shows that people are reluctant to come downtown on a regular basis. Employers are attempting to make the hybrid model work, but employees are not voluntarily giving up the flexibility and cost savings of a partial return to the office.

Most major employers are attempting to implement return strategies for late April and May, but the take up hasn’t materialized in significant use of the TTC or GO. Mondays and Fridays are now the ‘work from anywhere but the office’ days.

Stay safe, your SRRA team.

Links to Articles of Interest

Dig beneath the headlines! 

After U.S. national mask mandate struck down, most large cities ‘encouraging’ commuters to stay masked – some even providing free masks for patrons to help raise ‘comfort level’

Changing government policies on return to the office illustrate the minefield represented by WFH vs in-office practices

Co-Working sites attracting attention from investors in U.S. and Canada

Calls for transit agencies to step back and take a more holistic view of their bus networks. Would such a move help TTC and GO reorganize some of their routes?

The U.K. government is channeling significant funds to spark innovation in the country’s transport system

 “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],”