VTS Office Demand Index hits post-pandemic high of 79 — tech +109%, finance +54%, legal +41% YoY
Published: May 26, 2026
Facilities Dive
Facilities Dive
The VTS Office Demand Index (VODI) reached a post-pandemic record of 79 at end of Q1 2026 — +18% quarter-over-quarter and +13% year-over-year. Technology firm demand rose 109% YoY; finance gained 54% QoQ, legal 41% QoQ. The growth comes even as office-using employment fell 0.5% YoY (-183,000 jobs). VTS attributes the divergence to slower hiring giving employers more leverage to mandate on-site work. JLL CFO Kelly Howe says in-office mandate expansions boosted JLL's workplace management business; the Iran War oil-price shock may pressure that leverage back the other way.
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