New demand for office space in January was unchanged from December, remaining at 58 percent of its pre-pandemic level but up 75.8 percent year-over-year. 

This marks the fourth consecutive month of relative stability in the VTS Office Demand Index (VODI) since peaking in summer, and falling in the second half of 2021. 

The VODI tracks unique new tenant tour requirements, both in-person and virtual, of office properties in core US markets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Net Lease
Office
Midwest
Northeast
Southeast
West