BXP Says Office Leasing Rebound Poised To Continue Despite Uncertainty

Economic headwinds like tariffs, inflation and the threat of a recession aren’t affecting BXP’s office leasing activity, the REIT`s executives said Monday on its first-quarter earnings call.

BXP, previously known as Boston Properties, recorded strong leasing volume in Q1, with 1.1M SF signed across 91 leases. It has landed major deals in recent months in New York, D.C. and the Boston suburbs.

The company`s Q1 leasing volume was 25% above the same quarter last year and 35% above the average of the last five first quarters, BXP executives said.

The momentum represents a positive sign for the Boston-based REIT that tenants are still willing to make moves amid economic uncertainty....