REBNY stories workplace constructing visitations up because it switches to month-to-month stories

In an overdue, welcome step, the Actual Property Board of New York’s stories on workplace constructing visitation — i.e., bodily occupancy by staff — will now be launched each month. The REBNY information primarily based on Placer.ai location information was beforehand issued quarterly.

The September numbers for 350 Manhattan buildings present visitation elevated to 66% of pre-pandemic ranges, in line with REBNY. That was barely above second-quarter charges and 6 share factors larger than in September 2022.

It was additionally means forward of Kastle’s oft-quoted however holes-filled “Again to Work Barometer,” which persistently finds Manhattan visitation beneath 50% of pre-pandemic ranges as a result of its survey doesn’t embrace most properties owned by the biggest landlords, which have the best workplace attendance.

REBNY director of market information and coverage Keith DeCoster stated, “As we work with Placier, our aim is all the time to offer extra element. It took us time to dig by way of all of the completely different buildings, however we really feel assured that transferring ahead, we will present month-to-month information together with some week-by-week particulars.”