Trophy assets lead office busyness revival across the U.S.
- Compared to July 2019, the Office Busyness Index shows trophy assets across the U.S. sits at 73.7% as of July 2024—10 percentage points above overall U.S. busyness of 63.7%.
- Trophy properties in certain markets like Miami, Austin, and Manhattan are leading the charge with busyness levels at 108.7%, 101.2%, and 81.9%, respectively, compared to July 2019.
- This is a direct symptom of the flight-to-quality trend seen in many markets across the U.S., signifying to occupiers the importance of high-quality office spaces that employees seek.
August 27, 2024
