Office leasing activity has increased for the third quarter, with gains across all regions and market sizes. Eastern and gateway markets had particularly strong improvements, according to Newmark’s third-quarter office leasing report.
Higher-quality buildings captured a larger share of office leasing activity during the third quarter, accounting for about half of the market during the third quarter while representing only 33.6% of inventory. Class A buildings saw the strongest leasing growth during the three months.
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