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Office Leasing Increases with New York in the Lead

Office leasing rebounded in 2025 with 410M SF signed nationwide, led by New York’s growth, though smaller deals signal an uneven recovery.

Office tenants signed approximately 410 million square feet of space in 2025, marking a meaningful year-over-year increase. Leasing volume rose more than 5% compared to weak activity recorded during 2024. In fact, 2024 produced the lowest office leasing totals in 15 years, excluding 2020. Momentum steadily improved throughout 2025, signaling cautious optimism across office markets. […]

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