There’s a new kid on the block to report on how many employees are really back at their desks in Manhattan office buildings — and it paints a more nuanced and optimistic picture than either t…
or the Partnership for New York City’s Return to Office Survey.
The highest “visitation” rate compared with 2019 occupancy was 71% at Class A-plus buildings downtown. CBRE chief research analyst Nicole La Russo, who didn’t work on the REBNY survey, said that “good research confirms what you know but can’t prove. There was a sense among owners, especially of the best assets, that recent occupancy [lower] numbers didn’t feel right.”
The report’s creators emphasized that neither Kastle’s numbers nor REBNY’s reflect actual current occupancy, but ratherIn fact, anyone who works in a Manhattan office knows that 100% occupancy prior to Covid-19 was largely a myth. CBRE’s La Russo said that her firm estimated that employees were in their offices on average 4.5 days a week.
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