BXP reports 1.5 million s/f of leases in Q3 2025

Manhattan, NY BXP has signed more than 1.5 million s/f of leases in the third quarter of 2025 with a weighted-average lease term of 7.9 years, representing BXP’s strongest third quarter of leasing since 2019 and a 38% increase over the third quarter of 2024. Leasing activity through the third quarter totals approximately 3.8 million s/f.

Highlights of third quarter activity include:

• In New York, the execution of more than 475,000 s/f of leasing in Midtown, representing extensions for existing financial services clients, with the largest at 399 Park Ave., in addition to the execution of two full-floor leases at 360 Park Ave. South in Midtown South, totaling 46,000 s/f. 

• In the Urban Edge market of Boston, MA, the execution of more than 200,000 s/f of leasing, all of which was on existing vacancy.

• In Reston, VA, the execution of a 50,000 s/f lease with a technology client, bringing the office portion of 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.”