4Research pieces indexed
Latest Jan 1, 2026
Global Real Estate Intelligence is a neutral index of publicly available research. All rights in VTS’s work remain with VTS; we link to the original.
The January 2026 VTS Office Demand Index reports tech sector office demand surged in 2025 to become the primary national growth driver, with Seattle and San Francisco each posting year-over-year VODI gains near 50 percent, up 46 and 45 percent respectively.
The October 2025 VTS Office Demand Index reports San Francisco became the top US office market with a VODI of 123, up 112 percent annually, versus New York at 78. Nationally, demand rose 16 percent year over year while declining 4 percent quarter over quarter.
The July 2025 VTS Office Demand Index reports a sharp divergence in second quarter office demand across major US markets, with some experiencing strong gains and others a steep deceleration.

VTS sets out its 2025 office leasing prediction outlook, drawing on the VODI to project demand trends, with New York positioned to lead major US markets in expected leasing volume.
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