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Suburban Maryland Q2 2025 Office Market Report

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MARKET TRENDS

  • At roughly 675,000 square feet (sf), leasing volume improved from the previous quarter and reached its highest total since Q2 2024
  • Transaction count surged to its highest total in almost three years, but the average deal size decreased, keeping leasing volume stable
  • Flight to quality trends continued, with nine of the 10 largest deals and 80% of all leasing volume going for Class A space

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