{"id":32948,"date":"2023-08-03T16:54:08","date_gmt":"2023-08-03T16:54:08","guid":{"rendered":"https:\/\/basking.io\/?p=32948"},"modified":"2023-09-22T06:59:27","modified_gmt":"2023-09-22T06:59:27","slug":"q2-2023-global-occupancy-benchmarks-the-future-of-work","status":"publish","type":"blog","link":"https:\/\/basking.io\/blog\/research\/q2-2023-global-occupancy-benchmarks-the-future-of-work\/","title":{"rendered":"Q2 2023 Global Occupancy Benchmarks | The Future of Work: Embracing Opportunities, Redefining Success"},"content":{"rendered":"\n
Return-to-office policies continue to evolve as organizations navigate the still-changing occupancy dynamics of hybrid work and post-pandemic office life. Whether prepping for a September RTO wave or assessing your overall CRE strategy, understanding the current state of occupancy across regions is a strategic advantage in determining the next steps for portfolio and policy. <\/p>\n\n\n\n
The quarterly Basking Global Occupancy Benchmarks Report takes you beyond the numbers, with a deep understanding of making the workspace work through analytics and data-driven strategy. Even before the pandemic around 40% of office space remained unutilized, underscoring the need for optimization\u2014leveraging these insights to enhance the employee experience, achieve cost savings, and foster a sustainable workplace. <\/p>\n\n\n\n
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- North America Leads Global Office Occupancy: <\/b>In the first half of 2023, North America recorded the highest weekly average peak occupancy rate at 35%, with APAC following closely at 34% and Europe at 33%.<\/span><\/li>\n\n\n\n
- Consistent Office Usage Trends<\/b>: Since Q1 2023, global office usage patterns have remained steady. Office visits once a week were prevalent in every region, with LATAM leading at 63%, and midweek visits (T\/W\/Th) widespread across all regions.<\/span><\/li>\n\n\n\n
- Regional Variations Impact Office Utilization<\/b>: Regional trends exhibit notable <\/span>variances<\/span>, suggesting influences <\/span>from<\/span> factors such as <\/span>commute time, public transport availability, and employee job roles <\/span>on office space utilization. For example, <\/span>North America’s Midwestern region registered the highest weekly occupancy rate<\/a>, with nearly half of the visits lasting less than 6 hours, diverging from the traditional \u201c8-hours in office\u201d norm.<\/span><\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n
Weekly Occupancy Rates Steady At 35%-40%<\/h2>\n\n\n\n
From January to June 2023, North America had the highest weekly average peak occupancy rate of 35%, followed by APAC (34%), Europe (33%), and LATAM (21%)<\/span>.<\/p>\n\n\n
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