Demand for office space fell by just a tick of 1.5 percent nationally from March to April, according to a VTS Office Demand Index (VODI) analysis, representing a departure from the seasonal norm that typically calls for increasing demand during the month of April. 

Some CRE analysts however see that as mostly insignificant and expect gradual improved demand coming in 2022 and beyond despite VODI showing that demand for office space now sits at two-thirds of normal. 

Summer Leasing 'Always Slows'

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