Occupancy Index - July 15, 2022

Comments–

We have been asked by many of our contributors…’does the Index take into account seasonal holidays?’ The simple answer is no. Holidays in general, sick days, business travel, other reasons for not being in the office and pre-pandemic remote work was determined as part of the methodology for establishing the normalized attendance in offices pre-COVID. One could assume then that the Index in July is partly affected by summer holidays.

If you are reading this and you are on holiday, enjoy.           

Stay safe, your SRRA team.

Links to Articles of Interest

Dig beneath the headlines! 

This just in…Working from home can be bad for your health

How the U.K. has contrived to make hybrid work arrangements even more complicated….Pilot to test 100% pay for 80% hours

Flex offices (up), Zoom (down) and many other firms react to volatile work environment

Return to the office rates differ across the U.S. – with a suggestion that tenants using this period of uncertainty to upgrade their space into newer buildings with more amenities

And now for something completely different as Monty Python used to say…Not so subtle knock on Canada in general and Toronto in particular regarding our appetite for tech in the public realm

Signs of nervousness in the UK about the return of COVID affecting occupancy levels

 “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],”