More Tenants Upsized Their Lease Renewals Than Downsized This Year

Though it runs contrary to the narrative of declining leasing activity in the wake of the coronavirus pandemic, lease renewal data shows that the square footage leased grew by 2.2% from pre-renewal sizes during the second and third quarters of 2020, according to Cushman & Wakefield research. But, don’t mark it down to social distancing.

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