Long Island office visitation continues to rise despite dip in leasing activity

Leasing activity vs. Office visitation volume

 

• Long Island offices are 77.6% as busy today as they were in Q3 2019, according to the Busyness Index. This means more employees are going into the workplace and filling the space that sat vacant post-pandemic.

 

• The uptick in busyness may be an indicator of future demand and leasing activity increasing, as more employees are working in person and there is a need for space to accommodate that. Also, this increase in busyness has happened despite a downturn in overall leasing activity- another positive sign highlighting the resurgence of in person work.

 

August 22, 2024

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