There were shorter waitsif waits at allfor elevators in major urban area offices in June, a trend that Nick Romito, CEO of VTS, called "concerning" in a release this week about office activity.

Demand remains just shy of two-thirds of normal in some areas, according to a VTS Office Demand Index (VODI) analysis and "remote friendliness" continues to be a decisive factor.

Of the markets covered in the report, the cities with higher rates of remote-friendlinessBoston, San Francisco, Seattle, and Washington, D.C.continue to lag those whose economies have fewer remote-friendly jobs, such as Chicago, Los Angeles, and New York City.

Continue Reading for Free

Register and gain access to:

  • 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.