{"id":33772,"date":"2023-11-21T13:48:26","date_gmt":"2023-11-21T13:48:26","guid":{"rendered":"https:\/\/basking.io\/?post_type=blog&#038;p=33772"},"modified":"2023-11-21T13:48:28","modified_gmt":"2023-11-21T13:48:28","slug":"q3-2023-global-occupancy-benchmarks-the-state-of-rto-finding-a-new-equilibrium","status":"publish","type":"blog","link":"https:\/\/basking.io\/blog\/research\/q3-2023-global-occupancy-benchmarks-the-state-of-rto-finding-a-new-equilibrium\/","title":{"rendered":"[Q3 2023 Global Occupancy Benchmarks] The State of RTO: Finding a New Equilibrium"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote\">\n<p><em>&#8220;This is not the first structural change we&#8217;ve gone through in the industry; [when we went from one-person offices to cubicles] we started to reduce the individual footprint and move towards the &#8220;we&#8221; or the collaboration. Now you&#8217;re moving to a two-to-one ratio, a trend that&#8217;s been happening over the last 15 years and that we will continue to see even more.&#8221;<\/em><\/p>\n<cite>&#8211; <strong>Tiffany English, Senior Director of Architecture at Qualcomm<\/strong><\/cite><\/blockquote>\n\n\n\n<p>In the midst of the current structural changes in workplace behaviors and attitudes, data is essential to understand and make decisions on how to best optimize the office environment moving forward. A clear, accurate picture of how the office space is used allows for transparency and intentionality among stakeholders, from the executive team to building and team leads.<\/p>\n\n\n\n<p>In addition, Return-to-Office goals and mandates have to balance the employee experience with space and resource optimization while accounting for the regional and cultural differences that inform many of the variations. The Basking team has analyzed office utilization metrics for sites across the globe, compiling valuable insights on these shifts and variations in workplace occupancy patterns.<\/p>\n\n\n\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-layout-1 wp-block-columns-is-layout-flex\" style=\"background:linear-gradient(135deg,rgb(227, 241, 238) 100%,rgb(227, 241, 238) 100%)\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:90%\">\n<h2 class=\"wp-block-heading\">Key Findings<\/h2>\n\n\n\n<ul>\n<li>While weekly average peak occupancy rates are similar across the regions, the behaviors within reflect a wider range of regional and cultural differences<\/li>\n\n\n\n<li>Office usage trends are stable across 2023 with once-a-week visits still dominant, demonstrating a consistency that mandates consideration<\/li>\n\n\n\n<li>A drop in long-duration stays suggests a shift to more pre-meditated or task-specific visits that &#8220;earn the commute&#8221; <\/li>\n\n\n\n<li>Regional factors exert significant influence, such as commute time, public transport availability, employee job roles, and culture-specific approaches to in-office presence <\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\"><\/div>\n<\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Weekly Occupancy Rates Stabilized At 35%-40%<\/h2>\n\n\n\n<p class=\"has-text-align-left\">Average peak occupancy rates have flattened since the beginning of the year, with minimal fluctuation across North America (35%), APAC (34%), and Europe (33%) with dips only for holidays. <\/p>\n\n\n\n<p>Consistent with last year, Latin America remains the region with the lowest occupancy rate at 21%.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"564\" src=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-1024x564.png\" alt=\"\" class=\"wp-image-33770\" srcset=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-1024x564.png 1024w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-300x165.png 300w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-768x423.png 768w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-1536x846.png 1536w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Occupancy-Rates-2048x1127.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Office Visit Frequency Remains Highest in North America<\/h2>\n\n\n\n<p>North America continues to exhibit the highest frequency of office visitors with 65% of weekly visits occurring on at least 2 days per week, surpassing other regions.<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">While LATAM has shown minor increases in 2-3 days per week, it maintains its unique frequency distribution with only 6% of visits occurring 4-5 days per week.<\/span><\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"605\" src=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-1024x605.png\" alt=\"\" class=\"wp-image-33769\" srcset=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-1024x605.png 1024w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-300x177.png 300w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-768x454.png 768w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-1536x907.png 1536w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Visit-Frequency-2048x1209.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Occupational Variance Index (OVI) Reflects Need For Occupancy Optimization<\/h2>\n\n\n\n<p>LATAM recorded the increasingly highest OVI each quarter, demonstrating the potential for substantial optimization efforts. For APAC, a consistently low OVI averaging &lt;20% indicates minimal effort in weekly occupancy management.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"566\" src=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-1024x566.png\" alt=\"\" class=\"wp-image-33768\" style=\"aspect-ratio:1.7210084033613446;width:840px;height:auto\" srcset=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-1024x566.png 1024w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-300x166.png 300w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-768x425.png 768w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-1536x849.png 1536w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_OVI-e1700492702679-2048x1132.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-layout-2 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:90%\">\n<p><em><sup>* The Occupancy Variance Index (OVI) offers valuable insights into the weekly distribution of office visits. It is calculated as the Standard Deviation of the Weekly Percentage of Visits divided by the Average Percentage of Visits. A high OVI indicates significant variability in occupancy throughout the week, while a low OVI suggests stability.<\/sup><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\"><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator aligncenter has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Long Duration Visits Declined by &gt;17%<\/h2>\n\n\n\n<p>Long duration visits of 6 hours or more declined QoQ in all regions, with the highest decline in North America (19%) and followed closely by LATAM (18%), APAC and Europe (17%). <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"609\" src=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-1024x609.png\" alt=\"\" class=\"wp-image-33767\" srcset=\"https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-1024x609.png 1024w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-300x179.png 300w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-768x457.png 768w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-1536x914.png 1536w, https:\/\/basking.io\/wp-content\/uploads\/2023\/11\/Q32023-Benchmark-Report_Long-Duration-Visit-2048x1219.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Check out the full <a href=\"https:\/\/4275720.fs1.hubspotusercontent-na1.net\/hubfs\/4275720\/Benchmark%20Reports\/Q32023%20Global%20Occupancy%20Benchmarking%20Report_Basking.io.pdf\">Q3 Basking Global Occupancy Benchmarks Report<\/a> to understand trends by region and explore strategic opportunities for empowering CRE success. For a deeper dive into the data and key insights, don&#8217;t miss our <a href=\"https:\/\/basking.io\/resources\/webinars\/q3-global-occupancy-benchmarks-the-state-of-rto-finding-a-new-equilibrium\/?utm_campaign=q32023report\">Q3 Benchmarks Webinar<\/a> with <strong>Tiffany English, Senior Director of Architecture at Qualcomm<\/strong>. <\/p>\n\n\n\n<p><a href=\"mailto:benchmark@basking.io\">Contact us<\/a> to learn how we can help you achieve your end-of-year goals and plan for a successful 2024.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;This is not the first structural change we&#8217;ve gone through in the industry; [when we went from one-person offices to&#8230;<\/p>\n","protected":false},"author":23,"featured_media":33822,"template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footer-title":"Get started","footer-subtitle":"If you want to know more about how our product works or have additional questions, please reach out to us:","footer-background":"","footer-left-button-text":"Sign Up For Free","footer-right-button-text":"Contact Us"},"categories":[92],"tags":[89,90,91],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>[Q3 2023 Global Occupancy Benchmarks] The State of RTO: Finding a New Equilibrium<\/title>\n<meta name=\"description\" content=\"Global occupancy benchmarks offer strategic insights for refining Return to Office goals, with data and metrics critical for decision-making.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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