Roy Morgan Research has released new data on CBD people movements, which reveals that all CBDs across the Australia are experiencing significantly lower traffic levels than pre-COVID:
Not surprisingly, Melbourne’s CBD has been hit hardest following four lockdowns, with the current lockdown pushing people movements to only 19% of ‘normal’ pre-COVID levels.
My view is that CBD people movements may never recover to pre-COVID levels.
Australian workers and employers have both gotten a taste of remote work. There is likely no going back as workplaces shift permanently to hybrid work models.