Occupancy Dips Due to Texas Winter Storms
After ice storms in Texas caused workers to stay home, occupancy fell nearly five points to 45.6% last week, according to the 10-city Back to Work Barometer. Both Dallas and Austin saw significant drops, falling more than 23 and 25 points to 30.3% and 42.2% occupancy, respectively. The rest of the tracked cities experienced minor changes, with New York City seeing the biggest jump of more than one point to 48.7% average occupancy. If Texas occupancy had not dropped due to the storm, the 10-city weekly average would have likely held steady. The impact of severe weather events is more pronounced as the hybrid workweek trend takes hold.
The 7-city law firm average was also affected by the winter storms and is now at 59.2% occupancy. Law firms in Dallas experienced an even greater drop than regular offices, falling more than 30 points to 42.8% occupancy.
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