Boston sees higher volume of new office leases in 2025
Boston office leasing activity by deal type
Boston office leasing activity by deal type
- Year-to-date 2025 marks a return to a more normal balance of lease activity in downtown Boston’s office market, with new deals once again leading the way. New leases account for 51% of activity so far this year, compared with 43% for renewals, nearly the reverse of 2024, when new deals made up just 45% and renewals dominated at 57%
- While still not at levels seen in prior years, the resurgence of new deals signals that companies are committing to new spaces and even relocating to Boston, like Hasbro, who signed a 265,000 square foot lease in the Seaport this year and JP Morgan with a 250,000 square foot lease downtown.
- Expansions are seeing a resurgence again in Boston, signaling renewed confidence in the market as companies look to grow at their current location.
December 15, 2025
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