U.S. office occupancy numbers to gradually improve

As of April 2021, 26 percent of U.S. office workers were back at the office, according to Cushman & Wakefield.

Given the significant progress being made with the vaccination programs — it is assumed that 70 percent of the U.S. adult population will be vaccinated by July 2021 — the weekly occupancy numbers gradually improve from here. That said, the return to the office is going to be uneven; some will push to go back sooner (observed with some banks and tech companies) and others will go back later.

One interesting data point to note is that in Australia, where new infections have been at extremely low levels for several months, occupancy levels are now beginning to approach something closer to normalcy. Sydney, for example, is back to 75 percent of 2019 occupancy levels. In the United States, most are still coalescing around this idea of returning after Labor Day — recognizing that people will travel this summer and see family and friends and then return to