Piedmont Realty Trust, Inc. Signs over 500,000 SF of Leases Third Quarter-to-Date Bringing Year to Date Leasing to over 1.5 million Square Feet

Company Overview - Piedmont Realty Trust, Inc. is a fully integrated, self-managed real estate investment company focused on delivering exceptional office environments, owning and managing approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [3] Leasing Activity - The company has completed over 500,000 square feet of leasing in the third quarter, with more than 400,000 square feet related to new tenants, indicating strong leasing momentum [1][2] - Year-to-date leasing volume totals over 1.5 million square feet, with approximately 178,000 square feet of new tenant leases coming from the out-of-service portfolio, which is now over 50% leased [1] Market Demand - Demand from clients has been particularly strong in the Minneapolis and Sunbelt markets, with five transactions completed for a full floor or greater, showcasing the appeal of the renovated buildings and customer-centric approach [2] - The company has a late-stage pipeline of over 400,000 square feet, with two-thirds attributable to new tenancy, reinforcing confidence in achieving the 2025 total leasing goal of 2.2 to 2.4 million square feet [2]