Global Occupier Markets: Market Makers H1 2026

Prime office leasing volumes remained stable in H1 2026 across our global dataset of the top 10 deals in 42 markets. Expansionary deals accounted for 58% of all activity. This suggests companies may be starting to move away from a “wait and see” approach to leasing. Just 5% of deals involved a reduction in space, signalling the continued value placed on office space.

Meanwhile, the share of businesses relocating or renewing at a similar footprint fell to 37% in H1 2026, down from 44% in H2 2025. Of these, relocations accounted for the majority of activity (49%), while 37% of transactions were stay-in-place renewals. Over the same period, prime office occupier costs rose by 2.0%, highlighting the sustained demand for premium buildings.

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