BXP said it signed more than 1.5 million square feet of leases in the third quarter of 2025 with a weighted-average lease term of 7.9 years. The tally represents the Boston-based REIT’s strongest Q3 of leasing since 2019 and a 38% increase year-over-year. Year-to-date leasing activity totals approximately 3.8 million square feet.
In BXP’s backyard of downtown Boston, Q3 saw more than 200,000 square feet of leasing. BXP’s occupancy rate downtown is 97%. The Manhattan portfolio registered 475,000 square feet of deals, while a 50,000-square-foot lease in Reston, VA brought Reston Town Center to 98% leased.
“BXP continues to see strong demand in and to secure additional market share with our premier workplace portfolio,” said Owen Thomas, chairman and CEO, BXP. “Clients value our well-located, high-quality, highly amenitized properties and continue to make long-term commitments to occupy our properties to support business success.”
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