Placer.ai Office Index: October 2024 Recap

Note: This post utilizes data from Placer.ai Data Version 2.1. and thus reflects minor adjustments in data from previous reports. 

Amazon, Dell, Goldman Sachs, Walmart, UPS – these are just a few of the major employers that have been cracking down on remote work in recent months, some requiring their teams to be on-site full time. 

So with summer behind us, we dove into the data to assess the impact these accumulating RTO mandates are having on the ground. Are offices continuing to fill up, or has the office recovery run its course? 

Recovery, Unabated

In October 2024, office visits nationwide were 34.0% below October 2019 levels. And looking at monthly fluctuations in office foot traffic over the past five years shows that the RTO remains in full swing – with last month’s visits reaching the highest point seen since February 2020.

New York and Miami Hold the Lead

Digging down into regional data shows that in several major hubs – including Atlanta, Dallas, Houston, Denver, Washington, D.C., Chicago, and San Francisco – October 2024 was the single busiest in-office month since COVID. And in Boston, Los Angeles, Miami, and New York, October was the second-busiest month, outpaced only by July. 

Still, New York and Miami continued to lead the regional office recovery pack, with October 2024 visits in the two cities up to 86.2% and 82.6%, respectively, of 2019 levels. The two hubs, joined by Atlanta and Dallas, continued to outperform the nationwide average. And Houston, which lagged behind other major business hubs during the summer in the wake of major storms, reclaimed its position just under the nationwide baseline.

Washington, D.C., Boston, and Atlanta Lead in YoY Growth

In October 2024, visits to office buildings in Washington D.C. increased 16.4% year over year (YoY), likely boosted by an RTO push meant to increase meaningful in-person work in federal agencies – though many government employees continue to telework. Boston, where office building occupancy is outperforming national levels, visits saw a 15.6% YoY uptick. And Atlanta, where major employers from UPS to NCR Voyix are requiring workers to show their faces five days a week, saw visits grow 13.8% YoY. 

Nationwide, office foot traffic increased 10.1% YoY – showing that the return-to-office is still very much a work in progress. 

More Recovery Ahead?

Office attendance fosters creativity, mutual learning, and a sense of community – and can be critical for early-career success. But working from home at least some of the time offers greater flexibility that can improve employees’ work-life balance and in some cases, even enhance productivity. How will companies and employees continue to navigate the ongoing RTO? 

Follow Placer.ai’s data-driven office recovery analyses to find out. 

This blog includes data from Placer.ai Data Version 2.1, which introduces a new dynamic model that stabilizes daily fluctuations in the panel, improving accuracy and alignment with external ground truth sources.