July 31, 2025 | New York City
BXP, one of the country’s largest office landlords, has raised its 2025 outlook after surpassing initial earnings projections, signaling renewed strength in the premium office sector. The company attributes the boost to growing “corporate confidence” and stronger-than-expected demand for high-end office space.
A standout example is BXP’s new development at 725 12th Street in Washington, D.C., which is now nearly 90% preleased. This performance underscores a broader market trend: top-tier, amenity-rich office buildings continue to outperform amid a challenging commercial real estate landscape.
While much of the office sector still struggles with lingering vacancy and shifting hybrid work trends, BXP’s portfolio of trophy assets is capturing the attention of quality tenants seeking modern, well-located space. These results support growing sentiment that flight-to-quality remains a dominant force in office leasing.
The company’s success offers an encouraging signal to developers and landlords focusing on high-spec builds and major metros. As BXP continues to invest in Class-A properties, its bullish stance could help shape a more stable recovery path for the premium office segment.