NYC office visits return to pre-pandemic levels for the first time

Data: Placer.AI; Chart: Alex Fitzpatrick/AxiosThe number of New York City office workers actually going to those offices is now higher than pre-pandemic levels — the first time that's happened since COVID hit, according to a new analysis.Why it matters: It's an I-told-you-so moment for those who rejected the once-dire predictions that the pandemic would change New York — and the way people work — forever.How it works: Placer tracks foot traffic at 1,000 commercial office buildings with ground-floor retail nationwide.And while Placer's data indicates a return to pre-COVID levels, there are others that suggest the city's recovery isn't finished.By the numbers: July NYC office visits were 1.3% higher than July 2019 levels, according to the Placer.ai Nationwide Office Building Index.The city is the first of the major metropolitan areas tracked by Placer to return to growth, though Miami is close behind.As Placer noted in a report, New York has a higher proportion of finance-based businesses, and that industry has been a leader in pushing return-to-office mandates. Reality check: Kastle, which tracks security access data from 2,600 buildings in 47 states, says office occupancy on Tuesdays (the peak day of the week) in July in the NYC metro was 66%.Weekly occupancy rates, including less-popular days like Friday, were still under 55% in late July, Kastle said.A Kastle spokesperson said the largest and most modern office buildings may be close to hittinpre-pandemic levels on specific days of the week.What to watch: Whether the numbers drop again in August, a much more traditional vacation season for the city's white-collar workers.

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