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Big-box vacancy is expected to peak and fall again in 2025 as new supply falls in line.

“There’s always churn; it’s healthy."

This helps them as they push to have employees return to the office.

Additionally, rents are up more than seven percent year-over-year.

The financial services giant is planning to move to a new 650,000 square foot office.

Leasing activity hit 3.4M square feet in the first quarter.

Separately, the agency has substantially reduced its workforce as part of broader government directives.

For the most part, we haven't seen return-to-office mandates translate into leasing demand.