Return to Office Insights: Miami and New York in the Lead

Using Placer's Return to Office report, we see that Miami continues to be the champion when it comes to returning to office.  With a whopping 88% recovery rate, it is heads above the other cities, with NYC coming in at 73% for the month of June. Rounding out the top 5 recoveries are Southern cities like Atlanta (66%), Charlotte (64%), and Forth Worth (64%). These cities are all above the nationwide average for return-to-office, which is 63%.

By contrast, two of the major West Coast cities--San Francisco and Los Angeles lag below the nationwide return rate at 45% and 55%, respectively.

Other major cities in the Midwest, like Chicago and Detroit, are seeing similar rates of lagging return-to-office. In Chicago, 55% have returned compared to Jan 2020 and in Detroit, only 42%.

Moving over to the East Coast, Philadelphia and Washington DC--both at 57% RTO--are also below the nationwide average.

The good news for offices is that taken as a whole, we are seeing upward trends in employees returning to office, albeit perhaps slower than those in commercial real estate or the C-suite would like.