Research

"Overall vacancy decreased by 160 basis points (bps) year over year to 23.1% from 24.7% in Q2 2025. Total available space also declined by 1.3 million square feet (msf) to 3.3 msf, reflecting continued market absorption."

"Overall vacancy remained essentially unchanged year over year at 28.1%, down 10 basis points (bps) from 28.2% in Q2 2025, while available space increased from 8.9 million square feet (msf) to 9.4 msf over the same period."

"Overall vacancy increased by 310 basis points (bps) to 26.2% from 23.1% in Q2 2025, driven in part by the delivery of more than 500,000 square feet (sf) of new life sciences space at Avia Labs and 1699 Bayshore Highway."

"Overall vacancy increased by 540 basis points (bps) year over year to 19.0% from 13.6% in Q2 2025, partially driven by the addition of life sciences space outpacing demand."

"Overall vacancy decreased by 30 basis points year over year to 14.1% from 14.4% in Q2 2025, while total available space remained essentially unchanged."

"Market fundamentals continue to normalize as record rents persist "

"Vacancy levels show stability despite remaining elevated"

"Vacancy tightens as occupiers act on deferred demand"

"Strong demand drives vacancy lower despite continued deliveries"

"Pre-leased deliveries drive strong absorption while fundamentals remain balanced"