US Firms With Expiring Leases Were Much More Likely to Relocate in 2023 Than Stay Put

U.S. legislation agency leasing exercise hit a document stage in 2023, up by greater than 50% in comparison with the pandemic-affected 2020 and 2021, and the variety of new leases far exceeds renewals, world actual property companies agency Cushman & Wakefield finds in its newest U.S. Authorized Sector Leasing Report.

New York and Chicago had been the most popular markets for leases signed in 2023, and when contemplating different main markets, the most important declines in leasing exercise had been in Houston and Dallas.