New data analysis from Avison Young’s Office Busyness Index reveals that as of June 2024, office buildings across the U.S. are 61.9% as busy as they were in June 2019. Creating an index of properties across the country gives an accurate view of office utilization and shows which industries are thriving.
“Busyness,” derived from “busy,” refers to the quality or state of being busy or occupied with various activities. It’s primarily used to describe a state of being rather than a specific action. For this index, Busyness can be defined as the degree or intensity of activity within an office environment.
Denver Office Busyness Index
- As of June 2024, office buildings in Denver are 58.8% as busy as in June 2019.
- As Denver acclimates to the current office landscape, certain industries have seen the highest office utilization rates as employees return to office. Transportation followed by consulting, research, accounting, and recruiting stand out as top industries for office space utilization.
- Transportation has seen an increase of 33% in foot traffic compared to baseline levels in 2019 due to the effects of the pandemic. E-commerce growth has been exponential, and shipping and delivery services have soared in popularity. Fast and reliable delivery has become a crucial competitive advantage for businesses.
- Consulting, research, accounting, and recruiting industries have grown 30% suggesting these businesses are more reliant on in-person collaboration and client interaction to provide expert advice, research insights, financial management, and talent acquisition to navigate complex market conditions or to support expansion efforts.
