Top 100 Office Leases of 2024 Point to Stabilization

The average size of the top 100 office leases in 2024 rose to 288,834 square feet, up 8 percent year-over-year, according to CBRE’s latest report. David M. Curry shared his observations with Commercial Property Executive on current demands in the office space market.

From the article:

“Many companies believe that productivity, collaboration and comradery among its staff suffer the more their employees are permitted to work remotely,” he said. “A growing number of large and influential Class A tenants are requiring their workforce to return to the office by increasing their ratio of in-person workdays to remote workdays or eliminating the ability to work remotely entirely. This shift in policy requires additional square footage.”

Curry said this trend is likely a sign that these top companies are thriving and expanding their workforces, requiring more space, which is a welcome economic indicator.

Read the full article here:

Top 100 Office Leases of 2024 Point to Stabilization – Commercial Property Executive