Despite being flat for the fourth consecutive month, employer demand for office space was up 31 percent year-over-year, according to a VTS Office Demand Index (VODI) analysis.
Demand for office space closed out the second year of the COVID-19 pandemic down 47.1 percent from February 2020, the last month prior to the declaration of the pandemic.
This is despite favorable fits and starts that once had the VTS Office Demand Index (VODI) at 87 percent of normal last summer after bottoming in June 2020 at 16 percent of normal.
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