London Metro Station activity is now at 70% of what it was in 2020, due to the drop in office commute to the city center.
London staff are spending on average in 2023, 2.3 days in the office per week, down from 3.9 days just before the pandemic.
“London’s city center has been an enormous success story over the last hundred years. Unless something fundamental has changed in how people generate and share ideas, the future should be at most a moderated version of the past,” said Andrew Carter, Chief Executive of Centre for Cities.
Read more on that here: https://www.dailymaverick.co.za/article/2023-05-24-london-staff-are-working-less-than-half-the-week-in-the-office/
The data point for London is confirmed on the international level by consulting firm Measuremen’s latest report.
According to them, the real occupation rate in offices has dropped from 50.4% prior to the pandemic to 30.4% nowadays. Measuremen interviewed more than 1.000 corporates.
Check out the report hereafter: https://lnkd.in/eM6zWMKE