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US office leasing posts strongest quarterly performance of post-pandemic era

Surge in small deals drives leasing volume even as market recovery remains varied
JPMorgan Chase's blockbuster deal at South Station Tower in March helped boost Boston's leasing figures back up to their pre-pandemic average. (CoStar)
JPMorgan Chase's blockbuster deal at South Station Tower in March helped boost Boston's leasing figures back up to their pre-pandemic average. (CoStar)
CoStar Analytics
April 5, 2026 | 10:31 P.M.

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Office tenants signed new leases for an estimated 120 million square feet in the first quarter of 2026, the highest quarterly total for the United States since before the pandemic as smaller deals surged.

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