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Office leasing continued to struggle in the first months of 2021, according to a report from Savills research.

In Q1 2020, leasing totaled just two million square feet. That was a 49.1% decline from the four MSF in Q1 2020 and 42.4% lower than the previous five-year quarterly leasing average of 3.5 MSF. Q1’s total was also below the 2.1 MSF of leasing activity reported in Q4 2020.

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