Getting America
Back to Work

Class A+ Occupancy

Posting numbers almost identical as the week before, workers in Class A+ buildings maintained their very high occupancy rates with weekly attendance at 78.7% nationally, just a tad higher than the 78.5% from the prior week. Tuesday continued as the  peak occupancy day of the week, with April 28th coming in nationally at 95.3%, just a tad lower than the prior Tuesday at 95.5%, very consistent week-to-week numbers indeed. Looking back at prior April/May periods we expect this pattern to continue, barring some major weather event or upheaval.

Peak Day

The 10-city Barometer reported the peak day last week as Tuesday, April 28th, with occupancy of 64.6%, identical to the prior week’s Tuesday report. Nine of the ten cities in the Barometer experienced Tuesday as their peak day. The exception was Los Angeles where Wednesday was just two tenths higher than Tuesday, at 55.0%  The familiar regional patterns remained very consistent with Texas cities leading the way, followed closely by Chicago and New York. Philadelphia and New York bear watching closely as each city is just a few  points below their all-time highs for peak occupancy, where 54.8% is Philadelphia’s all-time high, and 73.1% is NYC’s top peak day ever.

Weekly Average

The Kastle Barometer national weekly average occupancy was 55.0% this week, a slight drop from the prior week’s 55.2%. Despite this minor statistical dip, six of the ten cities in the Barometer saw their weekly average increase. Dallas was with biggest mover, down 2.4% from their prior weekly average 62.4% occupancy. The other nine cities reported much smaller shifts week to week, all moving up or down less the 1.1%, while Austin reported the exact same rate of 73.4% as the prior week’s average. We expect these numbers to be very stable to increase slightly through May until the start of summer vacation time.