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Office leasing edges higher with more usage

Increased attendance helps counterbalance stagnant payrolls as leasing activity recovers
The increasing number of people commuting to offices has helped offset flagging job growth and supports continued office leasing momentum. (iStock)
The increasing number of people commuting to offices has helped offset flagging job growth and supports continued office leasing momentum. (iStock)
CoStar Analytics
June 23, 2025 | 8:46 P.M.

Office occupiers have been active so far in 2025, pushing leasing activity closer to its pre-2020 norm despite a near-standstill in job growth among the primary knowledge industries. A resurgence in office utilization driven by stronger attendance appears to be a big part of the reason.

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