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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. 

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