Demand for office leasing nationally tends to slow in winter and this year is no exception, according to the latest VTS Office Demand Index (VODI).

Los Angeles and New York are recovering best, as office demand overall has reached one-third of its pandemic decline.

Nationally, the VODI remained 20.7 percent below its level a year ago, while locally, all cities tracked by the VODI declined year-over-year, with the largest declines reported in San Francisco, Seattle, and Chicago.

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