Q4 2025 Office Market Reports

"Availability fell 150 basis points (bps) year over year to 21.3% while sublease space continues to decline"

"Leasing activity of 1.9 million square feet (msf) in Q4 2025 brought total2025 leasing activity to 6.7 msf"

"Palm Beach is in the midst of an active office development cycle"

"The overall availability rate declined for the second consecutive quarter following nine straight quarters of increases"

"After the previous quarter’s outsized volume, leasing fell to about 475,000 square feet (sf) in Q4 2025"

"Availability rose year over year to 20.5%, however this was the lowest level recorded in 2025"

"Asking rents continue to climb despite softer demand, buoyed by a constrained supply pipeline"

"The overall availability rate declined by 10 basis points (bps) following 15 consecutive quarters of growth"

"Austin leasing activity increased in 2025, supported by steady quarterly momentum"

"Leasing momentum continues, led by the South End submarket"