Weekly Trend in Occupancy Levels
Office Occupancy Rate Increases Slightly, Grows Three Weeks in a Row
Office occupancy hit 44.2% last week, its highest point since the pandemic began in 2020 and a 0.1 percentage point increase over the previous week.
The 7-city national law firms average fell nearly three points last week, to 76.2%. Six of seven cities saw their occupancy rates drop, while Houston rose 0.4 percentage points. Despite a 1.5 percentage point drop, Dallas remains the city with the highest legal occupancy, at 90.1%.
Last week, TSA check-ins dipped slightly, to 87.6% of the February 2020 levels. Restaurant reservations, however, were up nearly six percentage points compared to the previous week, to 89.6% of their pre-pandemic levels.
To provide some clarity on the issues facing American businesses, Kastle has been studying keycard, fob and KastlePresence app access data from the 2,600 buildings and 41,000 businesses we secure across 47 states. We’re analyzing the anonymized data to identify trends in how Americans are returning to the office.
12 Week Trend in Occupancy Levels
We’re confident occupancy rates will continue to rise in the months to come, and we’re ready to help the transition happen. For American workers to return safely back into office buildings, there must be a comprehensive system in place that integrates technology and new safety protocols – both for the building and for tenant spaces. We’re keeping a close eye on this data as part of our KastleSafeSpaces framework, which we designed to help office buildings safely reopen.
Kastle’s reach of buildings, businesses and cardholders secured generates millions of access events daily as users enter office complexes, and individual company workspaces. Charted percentages reflect unique authorized user entries in each market relative to a pre-COVID baseline, averaged weekly*.
*On March 22, 2021, Kastle moved from daily to weekly data reporting to provide a more robust and comprehensive picture of office occupancy. We have also recalculated data back to the start of the time series for consistency. This has only a marginal impact on most cities and the national average.