NEW MARKET DATA

Download the latest Office Demand Index Report (VODI) for a look into the most recent market-specific trends.

Elevate your investment & asset strategy. The VODI represents 99% of new demand for office space nationally and locally in the 7 gateway markets:

  • New York City
  • Washington DC
  • Chicago
  • Los Angeles
  • Boston
  • Seattle
  • San Francisco

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In the November 2022 VODI Report:

New demand for office space increased by 8.3 percent in October, an increase typical for this time of year, and comes amid continued economic uncertainty due to rising interest rates.

Over the course of the past year, new demand for office space has moved in tandem with job postings, notably decreasing in Seattle and increasing in Washington, D.C.

The VODI is down 14.8 percent vs last October. While this likely reflects a post-pandemic shift and a reaction to economic uncertainty, disentangling the two remains difficult.

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