Downtown Toronto foot traffic still 46% lower than before pandemic
Posted on | by Admin
Despite most workplaces in the city’s financial district mandating return-to-office policies, mobility — or worker foot traffic — in the downtown core was 46 per cent lower in September 2022 than it was in January 2020, a study on workplace mobility trends by the Canadian Chamber of Commerce’s Business Data Lab found.
“New mobility data reveal significant local variation in the return to workplaces. We’re seeing a hollowing out of the country’s downtown cores. The central hubs of Canada’s biggest cities are shrinking,” said Stephen Tapp, chief economist at the Canadian Chamber of Commerce, in a news release.
Toronto is not the only major Canadian city experiencing a steep drop in foot traffic. Vancouver saw a 48 per cent decrease compared with pre-pandemic periods while Ottawa saw a 45 per cent drop.
This is why LAUFT is on a mission to build the world’s most extensive network of on-demand spaces designed for people with the freedom to work from anywhere. We understand the the future of work consists of hybrid work models with remote offices not only in the downtown core of major cities, but close to where people live.
As the trend towards remote work continues, the demand for flexible workspaces outside of traditional city centres is growing rapidly. LAUFT aims to meet this demand by providing convenient, accessible, and well-equipped spaces for individuals and teams to work productively. By offering on-demand access to a network of remote offices, we empower professionals to choose where and how they work, enhancing flexibility, productivity and work-life balance.
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