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September 2025 Placer.ai Office Index: A Fall Resurgence

Office visits rose in September 2025, just 26% below 2019, signaling renewed return-to-office momentum nationwide.

By 
Lila Margalit
October 16, 2025
September 2025 Placer.ai Office Index: A Fall Resurgence
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The Placer.ai Nationwide Office Building Index: The office building index analyzes foot traffic data from some 1,300 top-tier office buildings across the country, including newer buildings that were at least partially leased by the end of 2019. It only includes commercial office buildings, and commercial office buildings with retail offerings on the first floor (like an office building that might include a national coffee chain on the ground floor). It does NOT include government buildings or mixed-use buildings that are both residential and commercial.**
Key Takeaways
  • National Rebound: Office visits in September 2025 were just 26.3% below 2019 levels, signaling a strong rebound after August’s seasonal dip.
  • Calendar Lift, Real Gains: An extra working day helped boost visits, but September still ranked as the third-busiest in-office month since COVID – even after adjusting for calendar effects.
  • Miami and New York Held the Lead: Miami and New York held onto the top post-pandemic office recovery spots, followed by Dallas and Atlanta.
  • Bay Area Comeback: San Francisco posted the largest year-over-year gain (+19.0%) of any analyzed market, reflecting the strong growth of a city in the midst of a comeback. 

August’s drop in office foot traffic left many wondering – had the return-to-office movement finally hit a wall, or was it just summer taking its usual toll?

We analyzed the latest location analytics to find out.

Fall Routines Reignite Office Recovery

In September 2025, a wave of new RTO mandates took effect nationwide, with companies from Intel to Toyota requiring employees to spend at least four days per week in the office. And following August’s sharp retreat, September delivered a decisive rebound: Office visits were just 26.3% below 2019 levels – a clear improvement from August and essentially tied with June’s performance. 

This suggests that August’s dip was seasonal rather than structural – a reflection of flexible post-pandemic work habits during vacation-heavy periods. As fall routines took hold, RTO momentum strengthened once again, underscoring the nonlinear yet sustained nature of office recovery progress. 

Not (Just) Calendar Math

To be sure, some of September’s upswing can be chalked up to calendar math – the month had 21 working days, compared to 20 in both September 2024 and 2019. But that extra day alone doesn’t explain the full rebound.

Even when adjusting for working days, September 2025 ranked as the third busiest in-office month since COVID, just behind June and July 2025.

Miami Heat Still On

Miami and New York City – two markets where in-person work has firmly reestablished itself as the norm – continued to lead the office recovery in September. In Miami, ongoing corporate migration is reinforcing an “office-first” culture, while in New York, a growing wave of finance-sector mandates is accelerating the push back to the office.

And several other markets also saw significant improvement. Dallas and Atlanta outperformed the nationwide average with office visit gaps just 15.4% and 22.9% below September 2019 levels, respectively. Meanwhile, San Francisco – though still trailing other major markets – closed its post-pandemic gap to 40.2%.

San Francisco Gains Momentum

In addition, San Francisco recorded the largest year-over-year gain in office visits this September, outpacing national trends and surpassing more recovered markets. 

That combination – still lagging but accelerating rapidly – mirrors what’s happening in the city’s leasing market, where AI-driven demand is fueling fresh activity and major employers are renewing their commitments to the Bay Area. Salesforce’s new multi-year investment in San Francisco further underscores confidence in the city’s long-term role as an innovation hub. And in late August, the city’s municipal workers also returned to the office four days a week, further helping set the tone for a city in the midst of a comeback. 

Looking Ahead

With fall routines reestablished and corporate mandates expanding, the office recovery appears to be regaining momentum.

Will this renewed surge carry through the winter – or will the season’s holidays bring another pause?

Follow Placer.ai’s data-driven RTO analyses to find out. 

**NOTE: Data in the office index has changed due to a regular process of enhancing the list of buildings. This includes the addition of nearly 300 new entities across the index and the removal of buildings that no longer met the necessary standard - either due to renovation or repurposing. In total, the removed assets amounted to less than 5% of the overall count, and the overall trendlines remained the same.

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Related Topics

Office Buildings, Office Index
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