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America's Office-Occupancy Rates Drop by Double Digits - and More in San Francisco

Saturday February 15, 2025. 09:34 PM , from Slashdot
America's Office-Occupancy Rates Drop by Double Digits - and More in San Francisco
SFGate shares the latest data on America's office-occupancy rates:

According to Placer.ai's January 2025 Office Index, office visits nationwide were 40.2% lower in January 2025 compared with pre-pandemic numbers from January 2019.

But San Francisco is dragging down the average, with a staggering 51.8% decline in office visits since January 2019 — the weakest recovery of any major metro. Kastle's 10-City Daily Analysis paints an equally grim picture. From Jan. 23, 2025, to Jan. 28, 2025, even on its busiest day (Tuesday), San Francisco's office occupancy rate was just 53.7%, significantly lower than Houston's (74.8%) and Chicago's (70.4%). And on Friday, Jan. 24, office attendance in [San Francisco] was at a meager 28.5%, the worst of any major metro tracked...

Meanwhile, other cities are seeing much stronger rebounds. New York City is leading the return-to-office trend, with visits in January down just 19% from 2019 levels, while Miami saw a 23.5% decline, per Placer.ai data.

'Placer.ai uses cellphone location data to estimate foot traffic, while Kastle Systems measures badge swipes at office buildings with its security systems...'

Read more of this story at Slashdot.
https://it.slashdot.org/story/25/02/15/1716204/americas-office-occupancy-rates-drop-by-double-digits...

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