ARLINGTON, Va.--(BUSINESS WIRE)--Jul 10, 2026--
U.S. office leasing remained steady in Q2 2026, according to data from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets.
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Office tenants signed new leases for an estimated 115 million square feet during Q2 2026, which remains slightly below the 2015-19 quarterly average.
“The second-quarter results suggest a market demonstrating a sustained recovery but also bending to constraints imposed by supply and demand,” said Phil Mobley, national director of office analytics at CoStar Group. “While there has been a slowdown in hiring, especially in the tradition knowledge-oriented industries, organizations in some sectors have been actively committing to new space, including financial service institutions, many of which have firmer expectations for frequent office attendance.”
At the market level, Charlotte, Miami, New York City, and San Francisco are deviating from the small lease trend, and as a result, volume is well above its long-run average in each of the four markets.
Overall volume remains close to its pre-pandemic average in Dallas and Houston, with activity rising enough to offset the trend toward smaller deals.
Elsewhere, volume remains depressed, with deal counts struggling to recover in nearly half of the country’s largest 20 office markets.
The full analysis can be found here.
Note: These findings are based on collected and estimated data from leases executed through the end of the second quarter. As with previously reported leasing data, only new lease commitments are considered. Renewals, which tend to have little impact on overall occupancy, are excluded.
For more information about the company and its products and services, please visit costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
U.S. Office Leasing Remained Steady in the Second Quarter of 2026
U.S. Office Leasing Remained Steady in the Second Quarter of 2026
MADRID (AP) — One of Spain's deadliest wildfires on record killed 12 people overnight into Friday, authorities said, as soaring temperatures grip much of the country.
Several victims of the fire in the southern province of Almeria, a popular holiday destination, were found inside burnt-out vehicles and were thought to have died while trying to flee the flames.
Eight people have been injured and a further 23 are unaccounted for, Andalusia’s regional leader Juan Manuel Moreno said. Some 150 firefighters and 220 soldiers from Spain’s military emergency unit were battling the blaze, which has consumed more than 3,200 hectares (7,900 acres) of forest and farmland.
Regional emergency authorities said four British nationals and other unspecified foreign nationals appeared to be among the dead.
The fire broke out in a hamlet in a semi-arid area near the Sierra de Los Filabres mountains. Authorities have not confirmed the cause, but said people who called to report the fire said that a fallen power line had sparked a blaze that spread rapidly into a nearby forest.
Most of the victims died while attempting to flee and ignored shelter-in-place instructions, said Antonio Sanz, president of Andalusia’s emergency services. One group did so via a dry riverbed, which “turned into a death trap,” he said.
Seven people died while on foot after abandoning their cars, Sanz said, likely looking for a way out.
“The consequences have been terrible. Everything seems to indicate that, in the case of the deceased ... we are dealing for the most part, if not entirely, with foreign nationals,” Sanz said.
Spanish Prime Minister Pedro Sánchez expressed his condolences. “Immense sadness and desolation in the face of the terrible consequences of the fire affecting the province of Almeria,” he wrote on X.
Spain has battled frequent and severe heat waves in recent years, with temperatures often exceeding 40 C (104 F). Wind, high temperatures and little rainfall help small wildfires grow into unchecked blazes.
In June, Spain experienced several days of record-setting heat, with over 1,000 excess deaths attributed to heat.
Europe is the world’s fastest-warming continent, with temperatures increasing twice as fast as the global average since the 1980s, according to the European Union’s Copernicus Climate Change Service. Parts of Western Europe are facing their third heat wave in six weeks. Globally, 2025 was the third-hottest year on record, bringing several intense heat waves across Europe.
France is experiencing the peak of its third heat wave of the summer, with temperatures reaching 40 C (104 F) across western and central areas and around 37 C (98 F) in Paris.
French authorities have also warned of a very high wildfire risk, as large fires in the south have already scorched thousands of hectares this week, disrupting the Tour de France cycling race and stretching firefighting resources.
The largest wildfire, which broke out in the eastern Pyrenees, near the Spanish border, has decreased in intensity, authorities said Friday.
It burned about 5,000 hectares (12,000 acres) and forced the evacuation of more than 10,000 people from nearly villages, who have since been allowed to return home.
Last month was France’s hottest June on record, with deaths surging by nearly a third during the hottest week.
Scientists warn that climate change caused in part by the burning of fuels like gasoline, oil and coal is exacerbating the frequency and intensity of heat and dryness, making certain regions more vulnerable to wildfires.
Spain is no stranger to wildfires, with last year's fire season burning more than 393,000 hectares (almost 1,520 square miles), according to the European Forest Fire Information System, an area twice as large as London. Four people died.
In 2017, a wildfire in neighboring Portugal left 66 people dead in Pedrogao Grande, located 200 kilometers (120 miles) northeast of Lisbon.
In that blaze, 47 people died on one road while similarly attempting to flee in their cars.
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Associated Press journalist Sylvie Corbet, in Paris, contributed.
A Military Emergency Unit vehicle operates as a wildfire rages in Alfajir, near Almeria in southeastern Spain, Friday, July 10, 2026. (AP Photo/Gregorio Marrero)
A wildfire rages in Alfajir, near Almeria in southeastern Spain, Friday, July 10, 2026. (AP Photo/Gregorio Marrero)
A wildfire rages in Alfajir, near Almeria in southeastern Spain, Friday, July 10, 2026. (AP Photo/Gregorio Marrero)
