Real estate technology firm VTS has released its monthly office space demand report with data for the month of March. Nationally, demand for office space rose by 20%. All of the major cities it tracks saw an increase, with one exception.
That exception: Seattle. Here office space demand dropped 31%, down to 48% of pre-pandemic levels.
According to VTS, that is well outside of seasonal norms.
VTS attributes this to Seattle’s preponderance of remote-friendly jobs.
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