First look: More top office leases were renewals than new deals

That's a big shift from 2019, when 68% of the top 100 were new leases and 32% were renewals.

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First Look: More Top Office Leases Were Renewals Than New Deals

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That's a big shift from 2019, when 68% of the top 100 were new leases and 32% were renewals.

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Renewals Boost H1 2024 Office Leasing Activity To Pre-pandemic …

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Oct 1, 2024 · The share of renewals as a proportion of office lease transactions post-pandemic has also increased. Renewals accounted for 42% of office lease transactions in the first half of …

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U.S. Sees Uptick In Office Lease Signings, But For Less Space On ...

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Sep 17, 2024 · The average lease size decreased more for new deals (32%) than for renewals (21%) in H1 2024 compared with the pre-pandemic average. With a higher share of lease …

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58% Of Top Office Leases Were Renewals In 2023: CBRE - Facilities Dive

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Feb 9, 2024 · The government sector secured 19 leases totaling 5.8 million square feet of the top 100 leases in 2023 — more than double its activity in 2022, CBRE says. Finance and …

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U.S. Office Recovery Continued In Q3, Led By Renewals: CBRE

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Nov 12, 2024 · U.S. office recovery continued in Q3, led by renewals: CBRE Renewals accounted for over 40% of all leasing activity for six straight quarters, with the overall vacancy rate …

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Julie Whelan On LinkedIn: First Look: More Top Office Leases Were ...

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Axios coverage of our top 100 office leases of 2023 analysis. Jessica M. Charlie Donley - 58% of top leases were renewals (why? Cost containment top of mind and usually less costly to stay in ...

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Lou Peralta On LinkedIn: First Look: More Top Office Leases Were ...

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That's a big shift from 2019, when 68% of the top 100 were new leases and 32% were renewals.

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Demand For High-Quality Space Drives Office Market Gains - CBRE

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4 days ago · Leasing activity totaling 62 million sq. ft. in Q4 was up by 24% quarter-over-quarter and 23% year-over-year. Renewals remained historically high and were primarily by larger …

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Smaller Deals & Tech Dominate Top 100 Leases In 2020 - CBRE

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Renewals accounted for 43% of the top 100 leases, up from 33% in 2019, largely due to occupiers’ wait-and-see approach amid the COVID pandemic. On a square footage basis, new …

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FAQs about First look: More top office leases were renewals than new deals Coupon?

How many office leases were signed in 2023?

The largest 100 U.S. office leases signed in 2023 included more renewals of leases for already occupied space than new deals, according to a new report from CBRE. CBRE’s analysis found that 58% of those leases – by number and by square footage – were renewals of expiring leases for the same space. ...

Which US cities have the largest office leases in 2023?

Coastal markets claim largest shares of top 100, led by Manhattan, Silicon Valley, New Jersey The largest 100 U.S. office leases signed in 2023 included more renewals of leases for already occupied space than new deals, according to a new report from CBRE. ...

Why did most office leases get renewed last year?

Data: CBRE; Chart: Axios Visuals Most of the biggest U.S. office leases got renewed last year, according to a new report first shared with Axios. Why it matters: Instead of locking down a new space, many companies are staying put as they continue to adjust to a workweek that's part remote, part in-office. ...

Where can I find more information about CBRE office leases?

Please visit our website at www.cbre.com. The largest 100 U.S. office leases signed in 2023 included more renewals of expiring leases for already occupied space than new deals, according to a new report from CBRE. ...

What was the biggest trend in office leasing in 2023?

“The largest 100 leases of the year often reveal trends that apply to the broader office market, and a dominant trend in 2023 was containing costs amid an uncertain economic outlook,” said Mike Watts, CBRE President of Americas Investor Leasing. ...

Why are top 100 leases in Class A & Class A+ buildings so popular?

The prevalence of top 100 leases in Class A and Class A+ buildings underscores an ongoing flight to quality in which companies prefer higher quality space in better locations in part to provide additional motivation for employees to work from the office more often. ...