Occupancy by Day of Week

Office occupancy dropped to record lows this past Monday in Philadelphia (6.1%) and New York (5.8%), under the influence of a major winter storm. Occupancy remained low the next day, in Phili only reaching 38.6%, down nearly 11 points from the week prior (which had already been low after a Monday holiday). New York’s Tuesday was down more than 22 points, at only 39.9%. Washington DC’s Monday was also low for that city, at 31.6%, down about 20 points from a more typical Monday in that city. By Tuesday, DC had recovered, reaching 62.8%, a 1.5 point rise over the week prior. These cities dragged down the national average occupancy on Monday to 43.0%, ten points below a more typical Monday, and Tuesday to 61.8%, a drop of about a point from the week prior. This was despite strong Tuesday occupancy in cities like San Jose CA (up more than 9 points, to 59.8%) and San Francisco, up 8 points to 53.8%.