Getting America
Back to Work

Americans have been living through a period of intense uncertainty since March 2020 — struggling with an unprecedented pandemic and the economic distress it has caused.

 

To provide some clarity on the issues facing American businesses, Kastle is tracking access activity data from KastlePresence app, keycard, and fob usage in 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.
2 year post covid barometer
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Get Weekly UpdatesYou can now track the Return to Work Barometer on the Bloomberg Terminal, available under {ALLX KASL<GO>}

Weekly Trend in Occupancy Levels

Office Occupancy Holds Steady at 43%.

Office occupancy has remained at 43% for the past month, according to the Kastle 10-city Back to Work Barometer. The individual cities in the Barometer see slight changes each week, with roughly the same number of cities having increases and decreases in occupancy rates. Occupancy at legal offices has also hit a plateau, although at a significantly higher rate of nearly 76%.

The month-long consistency suggests these occupancy rates may be the new normal for businesses nationwide. However, with COVID-19 cases spiking, we could see a shift in occupancy in the coming weeks.

Last week, TSA check-ins reached 89% of the February 2020 levels. Restaurant reservations were at 85.6% 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.

METHODOLOGY

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.

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