Office leasing activity edged higher in the first half of the year, though overall leasing volume remains stubbornly below its typical level from the late 2010s. While a few markets appear to be in full-blown recovery, others are still off the pace, hampered by both tepid demand and the absence of large blocks of available premium space.
Office leasing diverges in the first half of 2025
As recovery in demand surges in some markets, the gap between high and low performers widens
By Phil Mobley
CoStar Analytics
July 10, 2025 | 2:33 P.M.
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