TD Bank doubles its space amid return-to-office push

"TD Bank is expanding its office footprint to International Place, following an announcement last year that it is requiring workers to return to the office four days a week. According to The Boston Globe, the Toronto-based bank recently signed a 10-year lease for nearly 39,000 square feet across two floors at 2 International Place. The space, the Globe reports, will be nearly twice the size TD occupies at 200 State St. and will fit about 140 people."

"TD Bank announced in a memo to staff last year that executives had to be in the office four days a week, with other employees expected to follow suit. The move comes as Fidelity recently announced that its employees will return to the office full-time as it expands its footprint. JP Morgan Chase is already in-person full-time, while Eastern Bank sports a hybrid approach."

"Mayor Michelle Wu shared her thoughts with WBUR on Tuesday, saying it was "great news" to hear Fidelity requiring workers to return to downtown. The increase in downtown traffic will be a "boost" to small businesses, Wu told WBUR. "I know we are always going a little back and forth on employee work-life balance and what that means, and in person versus remote work," said Wu. "But I know they, and many others, have been seeing real value in collaboration and in the kind of work product, creativity, general culture, and morale that can come from people being in spaces together.""

"Boston continues to see more foot traffic downtown. According to Placer.ai, Boston saw an 11.2 percent increase in office visits in March over last year, but remains 34.3 percent below pre-pandemic levels. TD Bank is following suit by bringing more teams into the newly renovated Chiofaro Co. owned International Place building."

TD Bank is expanding its office footprint at International Place in Boston after requiring employees to return to the office four days a week. The bank signed a 10-year lease for nearly 39,000 square feet across two floors at 2 International Place. The leased space is nearly twice the size of TD’s current space at 200 State St. and is expected to accommodate about 140 people. TD’s policy was communicated to staff through a memo, with executives required to be in the office four days weekly and other employees expected to follow. The move aligns with other banks’ return-to-office plans, including Fidelity’s full-time return and JP Morgan Chase’s in-person approach. Boston’s downtown foot traffic has increased, and Mayor Michelle Wu said the change can benefit small businesses while improving collaboration, creativity, culture, and morale.

Read at Boston.com