A cooling labor market may be breathing new life into the office real estate sector, according to reporting by San Francisco Business Times’ Hannah Kanik.
Nick Romito, CEO of real estate software firm VTS, credits a 32% year-over-year spike in San Francisco office demand, from March 2024 to March 2025, to employers regaining leverage as hiring slows. Once seen as ground zero for remote work and office vacancy, San Francisco is now showing signs of a rebound.
VTS data shows similar growth in other remote-friendly, tech-driven markets. Boston, Seattle, and Washington, D.C. all saw office demand rise roughly 20% year-over-year in early 2025. The shift is linked to weakening job markets in tech, media, advertising, and information sectors that once championed flexible work. With fewer job options, employers are more confident in requiring in-office attendance.
*Article courtesy of Philadelphia Business Journal
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