Boston-based real estate investment trust BXP has signed approximately 1.3 million square feet of leases in the second quarter of 2024. This brings the company's total leasing activity for the year to 2.2 million square feet. The leases signed in Q2 have a weighted-average lease term of 9.0 years.

BXP's strong leasing activity was particularly pronounced in the Boston, New York, and Washington, D.C. regions. The company executed several notable leases during the second quarter, including a 289,000 square foot renewal and expansion at Reston Town Center in Virginia, a 164,000 square foot renewal and expansion at the GM Building in New York City, and a 120,000 square foot renewal at 200 Clarendon Street in Boston.

Owen Thomas, BXP's Chairman and CEO, attributed the company's strong leasing activity to the demand for high-quality, premier workplaces. "The consistent leasing activity we've witnessed across the portfolio in the second quarter of 2024 is a direct reflection of the demand for premier workplaces and high-quality product that we've been able to create for today's market," said Thomas. "As corporate earnings begin to increase, companies are moving forward with space decisions and premier workplaces capture an outsize portion of that demand."