Daily Data: WFH persists and grows?

Remote work data is not what you would expect

Good morning. It’s Daily Data time.

Remote work is toast not going anywhere. Plus the neighborhoods where athleisure is still the norm.

Everything reads better in your browser or in the app. The footnotes especially, and Random Walk is really leaning into the footnotes. Plus, if you have the app, you can set delivery to “app only” and then my daily barrage will feel less like a barrage. Unfortunately, substack does not yet have a “Weekly Digest” option, but I’m hectoring them aplenty.

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Daily Data

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WFH is getting . . . stronger?

Kastle published it’s weekly office occupancy report and, after a post-Labor Day bump, things are flat again:

That’s not great for the office real estate market, but I suppose it’s ok for people who make bold predictions (of little consequence)!

Random Walk generally expects RTO to creep up slowly, but eventually crap-out because flexible schedules are the new-normal. The only thing that would change it substantially would be a substantial shift in employer-leverage (i.e. widespread unemployment). Let’s hope for something else.

What was surprising is that in startup land, at least, remote hiring was pretty stable, if not growing.