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Delta Hasn’t Made Major Impact On Office Demand

New information from the VTS Workplace Demand Index (VODI) exhibits that the Delta variant has not had a major influence on office occupancy in comparison with preliminary Covid lockdowns.

The truth is, workplace demand rose to a 15-month excessive in August and presently sits simply 13% under pre-pandemic ranges.

“Whereas it might be a bit untimely to say that there won’t ever be a fabric influence on new demand and office-using employment as of proper now, we’re not seeing it,” stated Nick Romito, CEO of VTS. “Corporations, even when delayed, are planning to get their staff again within the workplace and that bodes properly for the workplace house market.”

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In accordance with the VODI, demand for workplace house has grown 235% year-over-year. Except for the VODI falling by 1.2% in July, it has risen every month in 2021.

Regardless of fears the workplace would change into out of date on account of the pandemic, it seems that it’s merely serving a brand new objective. As a substitute of conventional workspaces, corporations are embracing coworking and versatile workplaces that assist meet the demand for hybrid work options.



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