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Houston workers heading back to office at second-highest rate in U.S., study shows

Houstonians are punching back in, a new report finds. Photo by Tom Werner/Getty Images

So much for that everybody-working-from-home thing. New data shows Houston workers have headed back to the office in greater numbers than workers in eight other major U.S. metros.

Figures from Kastle Systems, a provider of security services for buildings, indicate Houston ranks second for back-to-the-office activity, with a 37.9 percent occupancy rate as of October 21.

Meanwhile, 41.4 percent of workers in Dallas-Fort Worth were at the office as of October 21 compared with pre-pandemic levels. By comparison, Kastle Systems' 10-metro average was 27.4 percent. Kastle says this data makes Dallas-Fort Worth the "most open" place among the 10 metros.

To assess office occupancy habits since pandemic lockdowns went into effect, Kastle Systems has been examining keycard, fob, and app data from 3,600 buildings and 41,000 businesses in 138 cities. Its weekly back-to-the-office barometer reflects access activity in Houston and nine other major metros:

  • Dallas
  • Austin
  • New York City
  • Los Angeles
  • Chicago
  • Philadelphia
  • Washington, D.C.
  • San Francisco
  • San Jose, California

Elsewhere, Austin shows up at No. 5, with a 35.1 percent occupancy rate.

In last place among the 10 metros is New York City, where the occupancy rate was 17.4 percent.

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This article originally ran on CultureMap.

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Building Houston

 
 

Molecule has closed new funding in order to focus on the energy transition. Photo via Getty Images

A Houston startup with a software-as-a-service platform for the energy transition has announced it closed a funding round with participation from a local venture capital.

Molecule closed its $12 million series A, and Houston-based Mercury Fund was among the company's investors. The company has a cloud-based energy trading and risk management solution for the energy industry and supports power, natural gas, crude/refined products, chemicals, agricultural commodities, softs, metals, cryptocurrencies, and more.

"We led the seed round of Molecule upon their formation and are excited to participate in their series A," says Blair Garrou, co-founder and managing director of Mercury, in a news release. "Molecule's success in the ETRM/CTRM industry, especially in relation to electricity and renewables, positions them as the company to beat for the energy transition in the 2020s."

The company will use its new funds to further build out its product as well as introduce offerings to manage renewables credits, according to the release.

"In 2020, we realized that electricity — the growth commodity of the 2020s — represented over half of Molecule's customer base, and we decided to double down," says Sameer Soleja, founder and CEO of Molecule, in the release. "We were also rated the No. 1 SaaS ETRM/CTRM vendor. With this fundraise, we have the fuel to become No. 1 SaaS platform for power and renewables, and then the market leader overall.

"Molecule is ready to power the energy transition," Soleja continues.

Molecule's last round of funding closed in November 2014. The $1.1 million seed round was supported by Mercury Fund and the Houston Angel Network.

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