Research

"AI- and tech-fueled leasing surge meets elevated availability headwinds"

"Muted activity among core industries leads to modest leasing volume in Q1"

" Project pipeline strengthens into 2026 as industry demand broadens "

"The life sciences market is facing a supply imbalance. A surge of high-profile, speculative lab developments launched during the pandemic are now delivering into an already saturated market. Buildings designed for rapid biotech expansion are instead sitting idle as landlords compete to secure a limited number of tenants"

"We’re pleased to share the Q4 2025 edition of the U.S. Law Firm Activity Report. Law firm leasing remained a clear bright spot in 2025, closing the year at historically strong levels and reinforcing the sector’s expanding role within the broader U.S. office market. Over the past several years, legal tenants have steadily increased their influence on overall leasing activity, reflecting the industry’s continued commitment to physical office space as a foundation for culture, collaboration, and client service."

"North American port activity reached a new high in 2025, with container volumes rising 1.6% to 62.3 million TEUs across the top 15 ports, surpassing the 2022 peak and setting a record. It was also one of the most volatile years in recent memory. "

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

"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"

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