With credit intensity surpassing 2021 levels, Ferroni expects today's debt market to lead transaction volumes over the coming quarters despite lingering macro uncertainty.

Law firms signed for a total of 4.6 million square feet in the first quarter, outpacing 2019 leasing levels by more than 30%.

As CEO confidence in near term returns on AI investments jumps from 20% to nearly 90% in a single year, downstream impacts are starting to show up.