City of London is half-full as bankers return to office

While city centres are far from dead, employees are reluctant to give up the perks of home work entirely

People exit Bank underground station during morning rush hour in London, Britain, July 29 2021. Picture: REUTERS/HENRY NICHOLLS

Footfall on October 13 in the Square Mile was at 51% of February 2020 levels, according to an analysis by Orbital Insight, which monitors activity through satellites and mobile phone data. After a year and a half of remote working, it’s unclear how much fuller the city streets will get, particularly at the start and end of the week. Over September, average occupancy in offices across Europe and Africa was 14% on Mondays and just 11% on Fridays, well below the level seen on other weekdays, according to an analysis by workplace optimisation firm Freespace, which has more than 100,000 sensors in offices across the world.

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