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Placer.ai Workplace Index—February 2025 Recap

by Index Investing News
March 28, 2025
in Property
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Month-over-month workplace foot site visitors decline percentages. Supply: Placer.ai

Whereas headlines trumpeting an imminent return to conventional workplace life fueled by company mandates have grow to be more and more widespread in current months, ground-level information reveals a extra complicated actuality. Workplace constructing foot site visitors signifies that the workplace restoration has slowed, with February visits down by 36.3 % in comparison with pre-pandemic ranges in February 2019. This information means that regardless of top-down stress and return-to-office mandates at a number of main U.S. corporations, hybrid and distant work fashions stay widespread.

New York and Miami lead the RTO restoration

Diving into the market-level information reveals that the nationwide common workplace occupancy metric was pushed by comparatively important go to gaps throughout most analyzed cities, except New York Metropolis and Miami that continued to steer the return to workplace traits, adopted by Atlanta. Houston, Washington D.C., and Dallas all skilled year-over-five-year go to gaps of 34.6 % to 38.4 %—near the nationwide common—whereas the year-over-five-year workplace go to gaps for Boston, Los Angeles and Denver was 43.5 %, 45.1 % and 46.6 %, respectively.

A chart of  year-over-five-year office visit gaps as of 2025.
Yr-over-five-year workplace go to gaps as of 2025. Supply: Placer.ai

However one metric did stand out within the February information that would trace at a comparatively localized return-to-office acceleration. For the primary time since we began monitoring the post-pandemic workplace restoration, San Francisco (47.5 % year-over-five-year go to hole) outperformed Chicago (48.5 %)—maybe indicating that RTO mandates within the tech world are starting to maneuver the needle within the nation’s tech capital.

Yr-over-year information factors to a stalling restoration 

The slowing RTO traits additionally emerge when analyzing the year-over-year information. Though some go to gaps have been to be anticipated given the comparability to a 29 day February in 2024, most cities—except Miami, Boston and San Francisco—noticed a bigger dip in workplace visits than the roughly 3.5 % go to hole that could possibly be attributed to the calendar shift. 

The dip in workplace visits in comparison with 2024 means that the RTO mandates usually are not having a big affect on workplace occupancy patterns in most main cities and additional underscore the enduring affect of distant and hybrid work fashions.

This weblog contains information from Placer.ai Information Model 2.1, which introduces a brand new dynamic mannequin that stabilizes day by day fluctuations within the panel, bettering accuracy and alignment with exterior floor fact sources.

—Posted on March 28, 2025



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