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CoStar: US office leasing averages 105 million sq ft, still below 2015-19 norm

PUBT·10/09/2026 13:01:11
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CoStar: US office leasing averages 105 million sq ft, still below 2015-19 norm
  • CoStar analysis shows U.S. office leasing rebounded, yet remains below pre-pandemic norms amid demand weakness and supply constraints.
  • Tenants signed 105 million square feet on average over the past four quarters, about 10 million square feet below the 2015-19 average.
  • Construction and financing costs have curbed new supply; slow renovations limit relocation options for large occupiers seeking upgraded space.
  • San Francisco leasing exceeded pre-pandemic levels, driven by AI-related tech demand; New York also posted elevated activity.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261009752883) on October 09, 2026, and is solely responsible for the information contained therein.