Occupancy Drops Over Thanksgiving Holiday, as Expected
Occupancy dropped by more than ten points to 37.8% as many workers took time away from the office during the Thanksgiving holiday, according to the 10-city Back to Work Barometer. This is a similar – though steeper – drop compared to last year.
In 2021, the Wednesday the week before Thanksgiving was at 44% and fell to 33% the week of Thanksgiving. The Wednesday before Thanksgiving was even lower this year – falling to 24.9%, more than 30 points below the previous Wednesday, which was 55.5%. More than in 2021, office workers spent more time working from home throughout Thanksgiving week. We will continue to track the trends and insights of how the holidays impact office occupancy.
Law firms saw similar declines in occupancy during the week of Thanksgiving, with the 7-city average dropping more than 13 points to 49.7%. This drop was also steeper than last year’s occupancy during the same week.
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