Occupancy Falls to 47.3% Due to Activities in the West
Office occupancy fell nearly three percentage points last week to 47.3%, reflecting significant drops in Austin and Houston, Texas. Austin fell more than 10 percentage points to 55.5%, likely due to an arts festival taking place downtown, while Houston’s office occupancy declined over six percentage points as families went out of town during spring break at local schools. California cities also saw decreases because of weather events.
Kastle will now publish the Legal Barometer during the first week of each month, and it will include the past four weeks.
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.
Kastle’s reach of buildings, businesses and cardholders secured generates millions of access events daily as users enter office complexes, and individual company workspaces. The Barometer weekly report summarizes access control data among our business partners in ten major metro areas, not a national statistical sample. 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.
Click here for more information about the Barometer methodology and FAQ