Quarterly UpdatesJun 1, 2026, 07:16 AM
Piedmont Realty Trust Leases 240K SF in Q2, 670K SF YTD
AI Summary
Piedmont Realty Trust announced strong leasing progress, completing approximately 240,000 square feet in the second quarter, with over 60% from new tenants. This brings the year-to-date leasing volume to about 670,000 square feet. The company's President and CEO, Brent Smith, highlighted elevated demand and nearly 900,000 square feet of leasing executed or in the legal stage for Q2, driving rental rate growth. Piedmont is also participating in the NAREIT REITWeek Investor Conference.
Key Highlights
- Completed approximately 240,000 square feet of leasing in Q2.
- Over 60% of Q2 leasing was from new tenants.
- Approximately 90% of new tenant leasing filled vacant space.
- Year-to-date leasing volume reached approximately 670,000 square feet.
- Nearly 900,000 square feet of leasing executed or in legal stage for Q2.
- Company is participating in the NAREIT REITWeek Investor Conference.
Price Impact
More from PDM