September 29, 2021

New Demand for Office Space Highest Since Pandemic Onset

NEW YORK–(BUSINESS WIRE)–Nationally, new demand for office space rose to a 15-month high in August and is now just 13 percent below pre-COVID-19 levels. New demand for office space is up 235 percent year-over-year, reflecting a strong recovery from last summer, according to the VTS Office Demand Index (VODI). The VODI tracks unique tenant tours, both in-person and virtual, of office properties in core U.S. markets, and is the earliest available indicator of upcoming office leases, as well as


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