"At 0.6 million square feet (msf), leasing volume improved from the previous quarter, and approached the 5-year quarterly average."

"Availability declined 330 basis points (bps) year over year to 20.5% as tightening sublease space and limited new supply drove more balanced market conditions entering 2026."

"Development remains heavily concentrated in the West Palm Beach Central Business District (CBD), accounting for approximately 70.0% of the pipeline."

"Asking rents increased year over year to $31.41 per square foot (psf). Class A rents climbed to $34.48 psf, highlighting strong demand for quality space."

"Availability declined year over year to 19.1%, the lowest level recorded since 2023. While still elevated, conditions are improving following higher availability throughout 2025."

"The overall availability rate has declined for the third consecutive quarter following nine straight quarters of increases, falling 110 basis points (bps) year over year."

"Broward’s next competitive wave is being driven by repositioned assets rather than ground-up construction, as new development remains limited."

"The overall availability rate continues to rise, increasing 280 basis points (bps) year over year amid persistently muted leasing activity."

"Austin begins 2026 with robust leasing activity"

"Strong leasing activity in Q1 driven by energy and supporting sectors"