Modern technology is transforming building access and security capabilities, with mobile access applications at the forefront.  While traditional keycards have proven helpful in the past for accessing office buildings, apartments, and hotels, they also have limitations. A lack of flexibility and heightened security risks make them less than optimal.  Mobile access apps like VTS Activate not only improve security measures, they also offer unparalleled convenience and flexibility for all stakeholders.  From property managers to tenants to security professionals, everyone can exper ..read more

The leasing journey begins long before the first in-person tour. VTS Data has uncovered that tenants start interacting with marketing materials as early as 90-120 days before they begin touring buildings. Because of this, the importance of establishing and elevating an effective online presence for your buildings and portfolio has never been more important. Riding the Digital Wave with VTS 4 The leasing process has changed, and we now know that tenants do much of their work upfront online when looking for office space. If landlords fail to keep up with this shift in tenant behavior, they risk ..read more

At this year’s RETCON in New York City, the country’s top owners, operators, developers, investors, PropTech startups, and technology and service providers came together to discuss changes impacting the industry and trends leaders have identified for 2024 and beyond. We all know the real estate industry is at a difficult yet pivotal point. Technology is a driving force in real estate like never before, with continued growth in data, AI, customer retention, ESG, and more. The future belongs to those who best utilize technology and innovation to make their businesses and teams successful. Harnes ..read more

The VTS team consists of folks with a diverse set of personalities, talents, and perspectives, and we want you to meet them! That’s why we’ve created this #WeAreVTS blog series to highlight some of the many outstanding people we have at VTS, get a closer look at the dynamic lives they have, and continue to create an environment where each VTSer can be their authentic self. Without further ado, here’s our interview with Nicole Maetta, Senior Client Advisor! In a sentence or two, can you explain what you do here at VTS? Hey Louisa! I’m on the Client Advisory team for VTS Lease, VTS Market, and V ..read more

Headlines about the office are drastically different than six months ago. Across the board, owners and operators feel the worst is behind us with a sense of positivity ahead. Even better, 55% of companies say they’re expecting to bring more people back to the office in the next 6 months. Whether companies are maintaining or increasing the time their employees are encouraged (or mandated) to be in office, one thing is clear–companies are still figuring out how to execute their hybrid work visions while owners and operators are finding ways to support and partner with company leaders.  Here ..read more

With VTS Data now officially live in London, VTS can take the industry’s first-ever look at the performance of two global metros that are arguably the two most important bellwethers for global office demand and asset values. How did these markets compare to one another? In February 2024, the VTS Office Demand Index (VODI) reported a score of 77 in NYC and 76 in London. YTD demand is only -5% and -6% in NYC and London, respectively, versus pre-pandemic levels (2018-2019). This month, NYC had the best February VODI reading since the onset of the pandemic (77 in Feb. ‘24 vs. 60 in Feb. ‘23, &am ..read more

What a transformation three and a half years makes.  You likely saw that we just announced VTS 4, which will give our customers the means to predict tenant demand for office space through enhanced data and AI-generated insights.  The “AI-generated insights” part is most exciting to me. The topic is now ubiquitous, but VTS has not been using AI for AI’s sake, nor data science for data science’s sake. What we have been doing – for years – is intentionally building a model that takes the scale of data VTS has about deals, tenants, spaces, buildings, and markets to give our customers wha ..read more

Although it’s clear that office attendance remains below pre-pandemic levels, differences in office demand and work-from-home rates across U.S. cities are not uniform and not always well understood. The resurgence of office demand depends on the mix of office-using industries and the types of work done in each city. While the advantages of working from home are fairly similar, the friction caused by remote work is greater in some lines of office-using work than others. The amount of friction, as well as the surrounding attitudes towards remote work, can be as crucial in determining office dema ..read more

In 2024, retail is the starlet of commercial real estate, beating expectations and disproving headlines from just a few years ago that the sector was dying, if it was not already dead. Since pandemic-related lockdowns ended, retail commercial real estate is experiencing a renaissance. Remote and hybrid work is contributing to the ‘afternoon leisure economy,’ speculated to be a hidden force in America’s economic success. The trend has prompted hard-to-come-by productivity growth in the Services sector. Shopping, entertainment, fitness, and beauty are less confined by traditional work schedules ..read more

The VTS team consists of folks with a diverse set of personalities, talents, and perspectives, and we want you to meet them! That’s why we’ve created this #WeAreVTS blog series to highlight some of the many outstanding people we have at VTS, get a closer look at the dynamic lives they have, and continue to create an environment where each VTSer can be their authentic self. Over the next few weeks we’ll be highlighting members of our Customer Success organization. Without further ado, here’s our interview with Katelynn Klingler, Senior Broker Success Manager! In a sentence or two, can you expla ..read more