SLG - Office occupancy rates still stay under 50% in Kastle's back-to-work barometer

More workers have returned to the office than at any point since the COVID-19 pandemic began, according to card swipe data from Kastle Systems, a provider of building security systems. In the week ended April 6, Kastle's 10-city occupancy average of 43.1% increased from 42.0% in the previous week. So more than two years after the pandemic hit the U.S., more than half the U.S.'s office space isn't being used, according to the Kastle data. As has been the pattern, the highest occupancy rates are in three metro areas in Texas — Austin (63.0%), Houston (55.5%) and Dallas (50.9%). The biggest increase occurred in the Chicago metro area, with its office occupancy rising to 37.8% from 34.5%, followed by the San Francisco region, which rose to 34.2% from 31.8%. The occupancy rate only declined in two regions — Dallas, which fell to 50.9% from 51.4% and San Jose, which fell

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Office occupancy rates still stay under 50% in Kastle's back-to-work barometer