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Office Space Demand Continues with Steady Upward Momentum Nationally, VTS Office Demand Index - News

According to the VTS Office Demand Index (VODI), while the momentum in demand growth for office space slowed slightly in the past month, April marked the fourth consecutive month when demand for office space nationally continued to recover, getting closer to the pre-pandemic benchmark. The VODI tracks tenant tours, both in-person and virtual, of. ....

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Office Demand in Seattle Suddenly Back and Bigger Than Ever

Office Demand in Seattle Suddenly Back and Bigger Than Ever
The fortunes of commercial real estate in Seattle have completely reversed since February, according to a new analysis.
May 10, 2021, 10am PDT | James Brasuell |
Gene Balk shares news of a sudden recovery in office demand in Seattle.
Before the pandemic, Seattle was home to a booming tech industry and was consistently ranked among the fastest growing cities in the United States. As recently as February 2021, Balk was writing about the catastrophic collapse of demand for office spaces. But since then, demand has come roaring back, according to the Office Demand Index produced by VTS, the New York-based company that provides leasing and asset management software for commercial real estate landlords. ....

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Office Tours Spike 28% As CRE Gears Up For Labor Day Return To The Office

Office Tours Spike 28% As CRE Gears Up For Labor Day Return To The Office
Office demand in major U.S. markets jumped by 28% from February to March, according to a monthly report by VTS, a software provider for commercial real estate landlords. VTS’ Office Demand Index increased by 160% in the first quarter and now sits at 86, 9% less than where the index was in February 2020, leading the report to conclude that “return to work appears imminent.”
VTS’ index is largely based on the number of office tours conducted by potential tenants in a given market, and its reported increase in demand has not translated into a boost in leasing activity quite yet, according to research from Colliers. ....

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San Francisco Multifamily Market Update - The Official AppFolio Blog

San Francisco Multifamily Market Update
Last modified on April 12th, 2021
Is it an exaggeration to say that San Francisco is the greatest hub of technological invention and innovation the world has ever known?
Take a look at the Milken Institute’s Best Performing Cities 2020 Report. Looking back at the year 2019, the San Francisco-Redwood City-South San Francisco Metropolitan Statistical Area took the top spot:
The region’s wage income growth in the five-year benchmark and the recent period exhibit exceptional strength (ranked second among large MSAs). Besides the region’s robust growth in job creation and income, it also commands the highest rank of five-year high-tech GDP growth among large metropolitan areas in the nation. More importantly, the high-tech content as a share of the regional economy is increasing. ....

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The Real Word: Is New York City Making A Comeback?

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.
After a year of COVID-19 turning people’s work lives upside down, demand for office space is creeping back to pre-pandemic levels. In fact, in some cities like New York, it’s booming, according to a recently published article by GlobeSt.
The article relied on findings by the national VTS Office Demand Index (VODI), which counts in-person and virtual tours that tenants have been taking of office spaces. ....

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