Office Demand Slows Just As Omicron Variant Enters The Conversation
Demand for office space has slowed after pent-up demand led to large gains in recent months. The new omicron variant could slow the return to office further.
Demand for office space has slowed after pent-up demand led to large gains in recent months. The new omicron variant could slow the return to office further.
Nationally, a VTS index fell to 52 in July, representing a 17.5% month-over-month drop in demand.
Two different metrics show more Americans coming to the office in March than February.
Leasing interest in 2024 was 25.3% greater than the year prior.
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S.F. shows signs of a strong recovery based on a VTS Office Demand Index report, which captures aggregate tenant interest based on office property tours.
Return to office gained some momentum in March.
Demand for office space inches upward, but not in every market.
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