There is evidence that people are slowly starting to return to the office but our Research analysts wanted to gauge the extent to which this is happening.
Using geolocation data, they tracked foot traffic in 28,000 US offices1 to develop a model that adapts physics gravity-mapping models to measure the proximity of places to people. It works by measuring the distance between each point in a metropolitan statistical area (MSA) to the time-weighted locations of all the people in that area. Our analysts call it “geo-gravity”: the places that have the strongest pull are those that are most convenient to the greatest amount of people.
As of mid-May 2021, the data suggest that the number of people entering offices was down about 57% from pre-COVID levels - a substantial rebound from April 2020, when traffic was down almost 85%.
The maps below show the pre-COVID focal points in various city centres in 2019, compare them with 2021, and illustrate the gravitational shift between the two periods.
The work-from-home phenomenon of the pandemic, will have an enduring impact on how and where people live and work. Our analysts investigate the potential economic side-effects.
1 The tracking was enabled by analysing data on commercial mortgage-backed securities, which represent a broad cross-section of office-specific jobs.
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