O
wen D. Thomas
BOSTON—BXP (NYSE: BXP), the largest U.S. publicly traded developer, owner, and manager of premium workplaces, posted strong Q3 2025 leasing, adding >1.5 million sq ft with a weighted‑average term of 7.9 years. This is BXP’s best third‑quarter leasing since 2019 and a 38 % YoY increase. Total leasing for the first nine months reached ~3.8 million sq ft, confirming steady demand for its high‑quality, amenity‑rich portfolio.
Key markets: Boston Urban Edge saw >200 k sq ft leased, filling all vacancies. New York City added >475 k sq ft in Midtown Manhattan, mainly long‑term extensions with major financial firms, plus two full‑floor leases (46 k sq ft) at 360 Park Ave South. Reston, VA, secured a 50 k sq ft tech lease at Reston Town Center, bringing office occupancy to 98 %.
“Clients value our well‑located, high‑quality, highly amenitized properties and commit to long‑term leases that support their success,” said Owen Thomas, Chairman and CEO. BXP’s Q3 results show resilience as tenants prioritize flexibility, location, and workplace experience. Continued investment in next‑generation workplaces—designed for collaboration, innovation, and employee well‑being—positions BXP for sustained growth and leadership in the evolving office market.
