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.
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