Sooner Sydney CBD workplace rebound after 2021 lockdown

But it appears that the path of return to the offices has eased since then, and that visitor numbers to the Sydney CBD are well below pre-pandemic levels.

Pathzz technology analyzed pedestrian traffic in the 95 largest office buildings in Sydney CBD based on net rental space and found that 14 had significantly more visitors.

Millennials are the slowest to return

A major reason was that they had tenants for essential services and are usually located near food, retail, and transportation facilities.

“It is important to remember, however, that individual building tours are influenced by the plans and guidelines for returning to work of their primary occupants,” said Baring.

Millennials were the slowest to return, seeing a 5 percent decrease in the share of total visits after the lockdown compared to pre-pandemic levels.

Michael Cook, group executive of Investa Property Group, which owns eight office buildings in Sydney’s CBD, said the number of returnees leveled off with the upcoming Christmas festivities after an initial surge.

Mr Cook said that office staff in smaller companies returned much faster than staff in larger establishments.

Regarding occupancy trends, he said: “It’s tenants for tenants, not buildings for buildings”.

“So at 60 Martin Place we have a really good occupancy rate, but there is one tenant who has not been there since the first closure, and we have two other tenants in the building who are crying out for more space.”

He is confident that 2022 will be a big year for Sydney CBD.

“There is so much pent-up demand, we have rented and re-let an enormous amount, and next year there will be a lot of demand.”