Traffic down as higher year-on-year gas prices, continued high inflation and a tough comparison to a strong November 2021 drive traffic decline for the month. Traffic volume in November declined compared to the previous year after three months of increases. While traffic volume was below November 2021, traffic volume was above the same month in […]
Urban Office Occupancy Remains Significantly Below Pre-Pandemic Levels
More than two years after the pandemic impacted office and commuter traffic, hybrid work and lower commuting volumes appear to be here to stay. Tuesdays and Wednesdays lead the way for the return-to-office. On average, office occupancy continues to hover around 47%, according to Kastle Systems’s 10-city Back to Work Barometer – this week at […]
U.S. Traffic Volume Improved in August Compared to Last Year
The continued decline in gas prices from the historic highs in June helped traffic return to growth. August result was still below 2019. Traffic volume in August returned to growth compared to the previous year after two months of declines that started when gas prices hit all-time highs in the U.S. during June. While traffic […]
U.S. Traffic Volume Decline Accelerated in July
Even though gas prices were down from the historic highs in June, the traffic decline in July increased compared to 2021 and 2019. For the second month in a row, traffic volume was down in July compared to the previous year. Of concern, the rate of decline was higher than in June and was also […]
Post-Labor Day Increase in Office Occupancy Yet to Be Seen
Kastle Systems’ report shows office occupancy was steady even as many companies announce they are bringing more employees back to the office. While an increasing number of employers are announcing plans to bring employees back to the office more than two years after the start of the pandemic, office occupancy remains significantly below pre-pandemic levels. […]
U.S. Traffic Volume Declined in June as Gas Prices Hit Historic Highs
Traffic declined versus both previous month and year but was slightly up compared to June 2019 before the pandemic. June traffic was down compared to the previous month and June 2021 as gasoline prices hit record highs. The June result marks the first year-on-year decline since February 2021 during the pandemic. Traffic on a year-on-year […]
Occupancy Drops to 41.2% Due to Memorial Day Holiday
More than two years since the start of the pandemic, workers have not returned to offices in the top 10 U.S. metro areas. According to the latest Kastle Systems 10-city Back to Work Barometer, office occupancy dropped slightly to 41.2% as of June 1 reflecting the Memorial Day Holiday. Occupancy at legal offices also dropped […]
Office Occupancy Trending Upward
Kastle Systems says top companies are bringing employees back to the office. Spring school holidays lowered occupancy last week. Kastle Systems’ 10-city Back to Work Barometer hit 42.8% last week, a slight decrease from the previous week’s 43.1% rate. The company believes the decline is likely due to workers taking time off during their children’s […]
U.S. Gasoline Demand Declining in March
After rebounding in February, historically high gasoline prices appear to be reducing gasoline demand and traffic volume. Gasoline demand has been declining throughout March in the wake of historic gasoline prices. The four-week moving average in March has declined compared to 2019 levels for each of the first three weeks during the month after rebounding […]
INRIX Reports U.S. Travel Declines Slightly as Gas Prices Increase
Midwest and Southern region trips declined while Western and Northeast increased last week. According to INRIX, while gasoline prices have increased dramatically over the past month, the price increases have had a negligible effect on driving, as employees return to offices and COVID-19 restrictions eased across the country. “Despite the increase in trip demand over […]
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