Global Real Estate Intelligence
VTSPress

San Francisco Emerges as the Nation's Leading Office Market Due to Exceptional Increases in Demand

The October 2025 VTS Office Demand Index reports San Francisco became the top US office market with a VODI of 123, up 112 percent annually, versus New York at 78. Nationally, demand rose 16 percent year over year while declining 4 percent quarter over quarter.

OfficeU.S. NationalSan FranciscoNew YorkCaliforniaNew York
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