Office-using companies might be getting more comfortable in predicting their space needs, as the average term for renewal leases signed in 11 of the country’s largest markets during the second quarter increased to 7.84 years, according to Compstak. That marks the first time lease terms for renewals have exceeded the 2018-2019 average.

The post Office Leases Signed in 2Q See Longer Terms appeared first on Commercial Real Estate Direct.