News

Transport Data Shows The Return To The Office Has Room To Grow After A Good Start

Data from Transport for London showed that the return to the office made a good start, but still has some way to go before approaching anything like pre-pandemic normality.

There were 3.59 million entries and exits on the Tube network on Monday,  the first day after schools returned and a date expected to herald the beginning of people coming back to central London offices, City A.M. reported.

That figure is the highest since last March, before the coronavirus pandemic took hold, TfL said. But it is about half the pre-pandemic average of 7.12 million entries and exits.

TfL data showed that bus and Tube journeys rose sharply between Monday and the same day last week. They also rose significantly from Monday to Tuesday this week.

The number of Tube journeys this Tuesday rose 33% compared to the same day last week and the number of bus journeys rose 73%.

TfL said it expected the number of journeys to keep rising this month. The question for office owners is where does the figure top out.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

Piedmont Realty Exiting Houston Market With Office Dispositions

Penta And Staycity Team Up For £230M Farringdon Aparthotel

'It's A World Of Winners And Losers': New Edge CEO Plots Future In A Changed Office Reality

Brookfield And QIA Invest Initial £2.5B In UK Data Centre Project

Broward Lures Office Tenants Away From Miami-Dade

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

UK Budget Risks Deterring Sovereign Wealth Funds From Real Estate

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds