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Buoyed by growth in secondary markets, office leasing activity rose by almost 8% in the third quarter, signaling a willingness among tenants to make longer-term real estate decisions.  

A new report from JLL notes that gross leasing volume approached 40 million square feet in Q3 for the first time since the onset of the COVID-19 pandemic. Total deal volume is up 1.7% year-over-year but still remains 43.8% below 2019 levels. Activity was mainly concentrated in secondary markets in the Sun Belt and West.

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