New Demand for Office Space Slows Over Delta Variant Uncertainty
GlobeSt
The Delta Variant infected demand in office space in July, as virtual and in-person tour volume dipped, according to the VTS Office Demand Index (VODI). The mark snapped a six-month streak of growth in new demand for office space. The rise in COVID-19 cases as well as normal seasonal headwinds were factors. Despite this, the monthly decline is lower than the typical July pre-pandemic seasonality in both 2018 and 2019.
