"Momentum continues to broaden across industries while completions for previously announced flagship projects are on the rise. "

"Large format industrial leasing has roared back, and with it a narrative that big box warehouses are the market's bright spot. "

"At 0.6 million square feet (msf), leasing volume improved from the previous quarter, and approached the 5-year quarterly average."

"While transaction volume moderated in Q1 2026, underlying demand from the legal sector remains strong, reinforcing law firms’ continued commitment to high-quality office space across major U.S. markets."

"An analysis of the workplace policies of the top 200 Fortune 500 companies"

"The U.S. office market is entering a new phase, as the strongest leasing quarter since 2019 and tightening fundamentals signal early-stage stabilization, set against a mixed economic backdrop and persistent structural headwinds."

"Vacancy has begun to stabilize following a wave of new deliveries, increasing 60 basis points (bps) year over year"

"Vacancy decreased by 30 basis points (bps) in the first quarter to 8.9%."

"Average asking rents increased to $10.37 per square foot (psf) in Q1 2026, up from $9.51 psf one year earlier"

"The market’s vacancy rate ended Q1 2026 near historic highs, rising 140 basis points (bps) year over year ending Q1 2026 at 9.2%."