Finance, Insurance, Real Estate (FIRE) Dominate Preleasing

As reported in the Colliers U.S. Leading Office Markets Q1 2025 report, “Across the 14 gateway regions, 52.8% of the total construction pipeline is preleased. Of the 10.4  MSF of preleasing in active construction buildings (for leases over 50,000 SF in size), FIRE tenants committed to 61.2% of new space. Wells Fargo has preleased 1.2 MS in Dallas and Manhattan. Consumer goods have preleased 11% of the space and the 1 MSF preleased by Amazon.