RTO Report: June 2023

In June 2023, the average utilization rate across the Density network of customers reached 21%.

A vibrant bubble chart showing percentage growth over three years: 4% in June 2021, 15% in June 2022, and 21% in June 2023.

In June 2023, the average utilization rate across the Density network of customers reached 21% — the highest average since before the pandemic.

How Return-to-Office rates are climbing steadily across the U.S. — The average utilization rate across the Density network of customers.

As seen above, utilization rates continue to climb. June's mark of 21% represents a 40% increase from June 2022, when rates were 15%.

Average utilization rates year over year -- with June 2023 marking a 40% increase from the previous year. — Average utilization rates increased by 40% year over year.

Workplace utilization rates by region

Average office utilization rates by U.S. regions.

The Midwest continues to see the highest average utilization rates across our network. But digging in deeper, Midwest companies are seeing a leveling off. This 25-26% average may be the new normal — at least for now.

Meanwhile, the West Coast saw a 15% increase in utilization from May (20%) to June (23%) — the largest increase of any region since April (Midwest).

‍

Numbers are based on the average of the “hourly average utilization” at the floor level, between 8 am and 6 pm local time, Monday through Friday, and represent data sourced from 39 different organizations.

Tags:

Workplace

Insights

Key Takeaways

In June 2023, the average utilization rate across the Density network of customers reached 21% — the highest average since before the pandemic.

June's mark of 21% represents a 40% increase from June 2022, when rates were 15%.

The Midwest continues to see the highest average utilization rates across our network. But digging in deeper, Midwest companies are seeing a leveling off.

DisruptCRE founder shares how corporate real estate is changing