Occupancy Index - July 1, 2022

Comments–

Companies are reporting a slight increase in the last two weeks of June. Public transport is continuing to build back, but mask wearing appears to be on the decline on the subway system. The potential of a recurring wave of COVID is not yet deterring people from returning to work and we still do expect the Index to reach 30% by the end of July.

HR specialists and employers are reporting an expectation of an increase in in-office work in September providing the latest COVID figures do not result in renewed isolation.

Enjoy the summer weather.           

Stay safe, your SRRA team.

Links to Articles of Interest

Dig beneath the headlines! 

How Myths Perpetuate: Will Globe Survey Fuel Angst About Returning to the Office?

Former Sears Tower rethinking use of office space

Perfect Storm of Confused Governance, Lack of Funding and Declining Ridership – Why Washington’s Metro is in Deep Trouble

Office culture in the spotlight. Thinking through ways to make being in the office more meaningful (oh, and then there’s that thing called doing your job)

Tracking signs of life in business districts: Sandwich shops, dry cleaners and more

Connecting capital through investments in transport: London growth could be slowed by government support for ‘levelling up’ (code for directing money to anywhere but London)

 “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],”