The city’s office tour activity surged 25.3% YOY, closing the year with a VTS Office Demand Index (VODI) of 94 after briefly topping 100 in November. Tech and finance drove growth, solidifying NYC as the top U.S. office market. National office demand rose 12.3% in Q4, with the VODI up 39.1% since December 2022. San Francisco led annual growth (32.4%), while Chicago (15.6%) and Seattle (14.7%) saw steady gains from hybrid work adoption. According to VTS, the national VODI is on track to hit pre-pandemic levels within four years.
The Acclaim Group
Corporate Real Estate Solutions
