Stabilizing Footprints, Demand Shifts Drive U.S. Office Leasing to 62M SF in Q3

AI Summary

US office leasing reached 62 million square feet in the third quarter of 2026, up 18% from a year earlier but still 21% below the comparable pre-downturn level cited. The increase reflects stabilizing tenant footprints and competition for high-quality office space amid limited supply.

U.S. office leasing was on the rise in the third quarter of 2026, as tenant footprints stabilized and competitive employers sought high-quality office space amid dwindling supply.  Office leasing volume nationwide totaled 62 million square feet in the third quarter, according to Newmark, in an 18 percent year-over-year uptick that was still 21 percent below […]