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Rising US office leasing still remains below pre-pandemic pace

Tenants show a continued appetite for small spaces as market recovery gets underway
Bank-focused Charlotte, North Carolina, is among the office markets experiencing leasing volume well above its pre-pandemic average. (Thaddeus Rombauer/CoStar)
Bank-focused Charlotte, North Carolina, is among the office markets experiencing leasing volume well above its pre-pandemic average. (Thaddeus Rombauer/CoStar)
CoStar Analytics
October 21, 2025 | 7:42 P.M.

Leasing volume in the U.S. office market ticked up in the third quarter, according to preliminary estimates, but remains just shy of its pre-2020 norm.

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