- From Q1 to Q2 2026, total leasing volume declined across both Class A and Class B office properties, even as the number of executed leases increased. This divergence suggests that tenant demand remains active, but is increasingly constrained in smaller space requirements, resulting in a reduction in average deal size across the market.
- The average Class B lease size fell to 3,158sf in Q2 2026, a 47% decline from 5,968sf at year-end 2025, reflecting a continued shift toward smaller space requirements, particularly among suburban tenants.
- Q2 2026 recorded 71 Class A leases executed, its highest mark since Q4 2024, suggesting demand is consistently driven by right-sizing occupiers and a preference for efficient, high-quality space rather than large scale expansions.
Raleigh–Durham Class A & B office lease size shrinking
July 27, 2026
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