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Leasing Activity

The office sector showed its strongest performance since COVID in the second quarter of 2026, according to the Lee & Associates’ 2026 Q2 North America Market Report.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds

by Sarah Daniels

The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …

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IndustrialLeasing ActivityTexas

Lindenmeyr Munroe Signs 100,043 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — Lindenmeyr Munroe has signed a 100,043-square-foot industrial lease in North Houston. The distributor of printing and packaging paper is taking space at Building 3 of Patriot Business Park, a newly constructed, three-building development that was formerly known as Veterans Memorial Business Park. Tyler Maner, Natalie Gilbert and Jeremy Lumbreras of Stream Realty Partners represented the landlord, a partnership between Investment & Development Ventures and Standard Real Estate Investments, in the lease negotiations. Jim Foreman and Sean Duffy of Cushman & Wakefield represented the tenant.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 56,780 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 56,780-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The tenant was not disclosed. According to LoopNet Inc., the building at 2401 W. Marshall Drive was completed in 1966 and totals 320,366 square feet. Mark Graybill, R.J. Flores and Reed Parker of Lee & Associates represented the landlord, which also requested anonymity, in the lease negotiations.

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Leasing ActivityMixed-UseOfficeSoutheastVirginia

Comstock Signs QTS to 77,000 SF Office Lease for New Corporate Headquarters in Northern Virginia

by John Nelson

RESTON, VA. — Comstock Holding Cos. Inc. has signed QTS Data Centers, a data center owner-operator owned by Blackstone, to a long-term office lease at Reston Station. QTS will occupy 77,000 square feet on the 11th, 12th and 13th floors at 1800 Reston Row Plaza, which serves as the company’s new corporate headquarters. Reston Station spans approximately 90 acres surrounding the Metro’s Wiehle-Reston East station. The campus features multiple office buildings housing tenants including Google, Booz Allen Hamilton and CARFAX, as well as two BLVD-branded apartment communities, stores, restaurants and a 28-story tower housing JW Marriott hotel and residences.

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Leasing ActivityLife SciencesNew JerseyNortheastOffice

Osmo Opens 60,000 SF Headquarters Facility in Elizabeth, New Jersey

by Taylor Williams

ELIZABETH, N.J. — Osmo, which uses machine learning to digitize scent and promote olfactory science, has opened a 60,000-square-foot headquarters facility in the Northern New Jersey community of Elizabeth. Designed by KSS Architects, the facility includes office, lab and manufacturing space, as well as a breakout room, café and shared spaces to foster cross-disciplinary collaboration. A partnership between Bridge Industrial and Elberon Development Group owns the building, the address of which was not disclosed.

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Leasing ActivityRetailTexas

Whole Foods to Open New Store at Shivers Farm in Southlake, Texas

by Taylor Williams

SOUTHLAKE, TEXAS — Whole Foods Market will open a new store at Shivers Farm, a 40-acre mixed-use development in Southlake, located north of Fort Worth. The square footage was not disclosed. The groundbreaking of the new store will take place in the coming days, and the store is expected to open late next year. Trademark Property Co. is the master developer of Shivers Farm.

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Leasing ActivityMassachusettsNortheastOffice

Autodesk Signs 72,000 SF Office Lease Renewal in Boston’s Seaport District

by Taylor Williams

BOSTON — Autodesk has signed a 72,000-square-foot office lease renewal in Boston’s Seaport District. The provider of 3D design, engineering and entertainment software will remain at the Innovation & Design Building, a 1.4 million-square-foot mixed-use building that was originally constructed in 1918 as a waterside storehouse for the South Boston Army Base. Luke Wilson of Colliers represented Autodesk in the lease negotiations. A partnership between Related Beal and Jamestown owns the building.

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DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Gateway Jax Signs Six Tenants at $1B Pearl Square Development in Downtown Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and restaurants on the ground floor. The newly announced tenants include Bar Citra (2,000 square feet), Buchner’s Biergarten (outdoor patio space and food truck), PopUp Bagels (1,443 square feet), Go Greek Yogurt (1,141 square feet), JETSET Pilates (2,495 square feet) and Pearl Street Nails (2,032 square feet). Buchner’s Biergarten and JETSET Pilates will open this fall, with additional tenant openings anticipated to continue through early 2027. The tenants join Publix, which will be the first new construction grocery store in the area in more than a decade, and Colletta, an Italian restaurant set to open within the newly restored Hotel Merrydelle, which is a redevelopment of the former Ambassador Hotel that will operate as a Tribute Portfolio by Marriott hotel. Designed by architects including Morris Adjmi, SK+I, Elkus Manfredi and Cecconi Simone, Pearl Square will introduce more than 1,250 new apartments across four residential buildings, including 205 units at Vandeveer; 100,000 square feet of office space; …

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Leasing ActivityRetailTexas

Mega Furniture Signs 52,677 SF Retail Lease in Corpus Christi, Texas

by Taylor Williams

CORPUS CHRISTI, TEXAS — Mega Furniture has signed a 52,677-square-foot retail lease in Corpus Christi. The building at 4818 S. Padre Island Drive was originally constructed in 1973 and was formerly occupied by Conn’s HomePlus. Lynann Pinkham of local brokerage firm Cravey Real Estate Services represented the undisclosed landlord in the lease negotiations. Asterra Properties represented the tenant.

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Leasing ActivityMassachusettsNortheastOffice

Advocates Signs 95,182 SF Office Lease in Marlborough, Massachusetts

by Taylor Williams

MARLBOROUGH, MASS. — Advocates, a nonprofit organization that supports people with behavioral health disorders, disabilities and brain injuries, has signed a 95,182-square-foot office lease in the western Boston suburb of Marlborough. The deal brings the 160,649-square-foot building at 251 Locke St. to full occupancy. Alison Powers and Robert Walles of JLL represented the landlord, Related Beal, in the lease negotiations. Jon Pezzoni of Avison Young represented Advocates.

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