Leasing activity in gateway markets remained muted in March even as companies ramped up their searches for space, according to a new report from CBRE.
The firm tracks three leading indicators of office market activity in the 12 largest US office markets, including tenants-in-the-market (TIM), which categorizes the amount of office space that companies are actively seeking, leasing activity in the form of finalized lease agreements, and the availability of sublease space.
CBRE's March numbers show Boston leading the recovery among the 12 markets, with other improving markets emerging to include Dallas-Fort Worth and Los Angeles. Manhattan also posted March gains in leasing activity and in TIM, which has been gaining momentum since the start of last year.
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