"Leasing activity of 1.3 million square feet (msf) in Q1 2025 was roughly at the 5-year quarterly average and is expected to remain steady this year as long as the overall economy grows"

"The market continues to favor premium office space in the CBD, underscoring sustained demand for high-quality environments that meet the expectations of discerning tenants"

"Leasing activity reached 0.7 million square feet (msf) in Q1, a 67.1% increase from Q1 2024"

"Leasing volumes have remained steady in four of the past five quarters, each surpassing 800,000 square feet (sf)"

"Even with slower leasing activity and new property additions, tenantdemand has remained strong, resulting in upward pressure on askingrents"

"Class A availability rate rose for the thirteenth consecutive quarter, increasing 330 basis points (bps) year over year"

"At 566,000 square feet (sf) leased in the first quarter, deal volume was down slightly from year-end 2024 but rose sharply compared to Q1 2024"

"Availability of 23.8%, up 340 basis points year over year, along with elevated sublease options and ongoing landlord refinancing pressures, continues to drive tenant favorable conditions"

"Demand remains resilient as CBD leads leasing activity at the start of 2025"

"Persistent availability pressures suburban market despite moderate average asking rent adjustments"