Back to the office
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Dallas ranks third among select metros in returning to the office since the COVID shutdown.
Why it matters: Though people were increasingly returning to the office nationwide, that growth has slowed and may never fully return to pre-pandemic levels.
The big picture: Nationwide office foot traffic hit its highest point since July 2019 last month, around 72.2% of July 2019 levels, per new data from Placer.ai, which tracks and analyzes foot traffic from mobile devices.
State of play: Visits to Dallas-area offices rose to around 76.9% of July 2019 levels, just behind Miami and New York.
- To persuade more people to come to the office, some companies have started offering flexible schedules, free parking, food and transportation benefits.
Yes, but: Dallas-Fort Worth has a higher office vacancy rate than the national average, per data from Moody's.
- It's one of the top metros converting vacant office spaces to new apartments.
- And, Frisco ranks second in the country for its share of remote workers among all workers. Around 40% of the city's workers have remote jobs, per SmartAsset.