Work from Home Is Here to Stay

Apollo Chief Economist

The data for office use across the country shows that hybrid work is here to stay, see chart below.

The numbers show the average for a week where Wednesdays can be as high as 60%, and Mondays and Fridays as low as 30%.

The data is weekly and comes from 300,000 workers in 10 different cities, and in New York, the data covers 200 buildings and 70,000 workers.

The latest data shows that the lowest office occupancy rate is for Philadelphia at 37%, and the highest is Austin at 58%.

For more discussion of this topic, see also here.

Office occupancy rates moving sideways around 50% across the country
Source: Bloomberg, Apollo Chief Economist

Download hi-res chart(s)

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