Tenant requirements for office skyrocketed in the first quarter, another sign the sector might be turning a corner.The amount of space tenants are seeking is at its highest level since the pandemic, according to VTS’ Office Demand Index released Tuesday. Demand is up 13% year-over-year and 18% quarter-over-quarter.
The index tracks total square footage of tenant requirements reflected in active touring activity across seven gateway markets.
Technology, legal and finance tenants continue to drive improvement. The artificial intelligence boom is propping up tech demand, which ballooned 109% year-over-year. Quarterly, it grew 29%.
Legal and finance tenants were clamoring for office space in the first quarter with fervor as well. Demand within both sectors went up 41% and 54%, respectively... ...more
RSK: Office is slowly coming back but with a new look and meaning of work space.
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- - Volume: 26 - WEEK: 19 Date: 5/6/2026 2:57:31 PM -