Written content Advertising and marketing Supervisor, VTS
Demand from customers for business space in quite a few big metropolitan areas was unstable in June, according to the most current VTS Workplace Demand from customers Index (VODI) analysis.
More than 50 % of the business markets analyzed skilled need shifts concerning 13 and 23 per cent. Of the markets that knowledgeable a volatile thirty day period – New York Metropolis, San Francisco, Boston, and Seattle – only San Francisco saw expansion, even though it may well be small-lived.
What is the VTS Business Need Index (VODI)?
The VODI is the earliest offered indicator of forthcoming workplace actual estate developments, regionally and nationally, and signifies up to 99% of new demand for workplace space in seven significant marketplaces, like New York Metropolis, Washington DC, Los Angeles, Chicago, Boston, Seattle, and San Francisco. The VODI tracks tenant tours, both in-individual and digital, of office environment attributes across the country, and is the only business serious estate index to observe tenant desire.
The VTS Business Demand Index is run by proprietary VTS Information, composed of aggregated and anonymized industrial serious estate facts from the 12B+ square ft of assets managed on the VTS system.
Get today’s commercial genuine estate current market developments in the latest VODI report:
- Why did desire for workplace place in New York just take a sizeable plunge?
- Which marketplace saw the greatest dip in June?
- Which market was the only industry to see a double-digit thirty day period-above-month demand from customers improve?
Down load the full VTS Business office Need Index July 2022 report for in-depth insights into desire recovery and in-depth methodology.
Want to master how to use the details in the VODI? The VTS Office environment Demand Index is just a sliver of the insights accessible to you. VTS Data is your competitive edge in today’s sector. Master how to reinvent your investment approach applying energetic anonymized data from the $200B in leasing transactions. Benchmark your general performance versus the marketplace and keep competitive in an at any time-shifting sector. Working with data, only out there on VTS, solve inquiries about provide and demand, leasing efficiency, and tenant exposure to unlock – and unblock – bargains. Find out a lot more about VTS Facts in this article.
Keen to study far more about how pandemic has and will keep on to affect very long-time period market dynamics of the place of work sector, particularly as many companies go on to adopt hybrid and get the job done-from-dwelling products? Go through our most current VTS Green Shoots Report right here.
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