In April, 17 of the 19 major office markets tracked by VTS, a real estate software, analytics and advisory firm, saw decreases in demand compared with March. The flow of new tenants into the office market dropped by 23% from March, and the total square footage being sought fell 26%. “To the extent that tariffs impact the capital markets, there is an immediate pullback reaction,” said Max Saia, vice president of investor research at VTS. Construction renovation of new office in business building window at night Fangxianuo | E+ | Getty Images
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign