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A banner year for VTS
VTS IN THE NEWS
04 January 2022
Fortune and Great Place to Work® Name VTS One of the 2021 Best Workplaces in New York™
2022 by the numbers
Driving more deals forward with VTS Market
By streamlining their marketing with VTS Market’s modern, all-in-one solution, our customers reached more tenants while showcasing their brand in the best light to drive more deals forward.
8.7k
Accurate, high-quality listings powered by VTS Market.
10m
SEO impressions from tenants globally, with 60K+ clicks.
08
Marketing channels to distribute high quality digital content.
Maximizing occupancy with VTS Lease
By managing all of their deals, leases and tenant relationships in VTS, our customers unlocked unique insights that accelerated deals and drove tenant renewals.
26,700
Deal connections identified using our network of tenant data.
Deal Connection Alerts:
When you log a deal in VTS, we'll alert you if there's already a relationship with this tenant elsewhere in the portfolio.
52k
SEO impressions from tenants globally, with 60K+ clicks.
13b
Square feet managed on VTS Lease, across 84K+ properties worldwide.
Creating better client experiences and relationships with VTS Rise
By delivering a modern building experience from street to suite, our customers attracted tenants, deepened their client relationships, and got the insights their teams needed to make better decisions in this retention economy.
320k+
Total tenant customers using VTS Rise across all office and multifamily properties.
1,500
Total properties using VTS to power their tenant experience.
233k+
Amenity reservations logged over the past 365 days.
2022 by the numbers
Informing strategy with VTS Data: New York market outlook
With real-time insight into supply and demand trends from VTS Data, our clients were poised to respond to market shifts before anyone else. Here's a 2022 round up and a peek at what's ahead in 2023 for the New York market.
89%
Flight to Quality
New York has the largest premium of 89% when comparing the average NER for the pricest top 10% of the market to the remaining 90%, based on active proposals and deals in ‘22.
This premium has also grown faster in New York vs pre-covid levels than anywhere else. The Flight to Quality trend will most likely persist in Q1 and Q2 ‘23.
04%
Rental Rate Outlook
Net Effective Rents (NERs) for active proposals continued to soften and are down 4% vs leases executed YTD ‘22.
NERs for active proposals continued to soften and are down 4% vs leases executed YTD ‘22, indicating that Q1 ‘23 leases executed will reflect these modest declines in NERs.
30%
Leasing Volume Outlook
Despite a 30% softening of new tenant demand, the demand strength earlier in the year will push a post-covid annual leasing high for ‘22.
VTS predicts the leasing volume is likely to slow through Q1 and Q2 ‘23, with first half leasing volume likely to be below the volume witnessed in the first half of ‘22.
Driving more deals forward with VTS Market
By streamlining their marketing with VTS Market’s modern, all-in-one solution, our customers reached more tenants while showcasing their brand in the best light to drive more deals forward.
8.7k
Accurate, high-quality listings powered by VTS Market.
10m
SEO impressions from tenants globally, with 60K+ clicks.
08
Marketing channels to distribute high quality digital content.
Maximizing occupancy with VTS Lease
By managing all of their deals, leases and tenant relationships in VTS, our customers unlocked unique insights that accelerated deals and drove tenant renewals.
26,700
Deal connections identified using our network of tenant data.
Deal Connection Alerts:
When you log a deal in VTS, we'll alert you if there's already a relationship with this tenant elsewhere in the portfolio.
52k
SEO impressions from tenants globally, with 60K+ clicks.
13b
Square feet managed on VTS Lease, across 84K+ properties worldwide.
Creating better client experiences and relationships with VTS Rise
By delivering a modern building experience from street to suite, our customers attracted tenants, deepened their client relationships, and got the insights their teams needed to make better decisions in this retention economy.
320k+
Total tenant customers using VTS Rise across all office and multifamily properties.
1,500
Total properties using VTS to power their tenant experience.
233k+
Amenity reservations logged over the past 365 days.
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