Piedmont Realty Trust, Inc. Leases 2.5 million Square Feet during 2025

Core Insights - Piedmont Realty Trust leased 2.5 million square feet in 2025, representing approximately 16% of its portfolio, with 679,000 square feet leased in Q4 alone [1][2] - Two-thirds of the leasing activity in 2025 was attributed to new tenants, and nearly half involved previously vacant spaces [1] - The in-service portfolio was 89.6% leased as of December 31, 2025, while the out-of-service portfolio was 62.4% leased [1] Leasing Performance - The company experienced a 1.2% increase in the leased percentage of its in-service portfolio during 2025, with rental rates in Sunbelt markets reaching record highs [2] - Over 10% of the portfolio was leased to new clients in 2025, equating to 1.5 million square feet of new tenancy expected to occupy by the end of 2026 [2] Strategic Focus - The leasing success in 2025 is attributed to the company's efforts to modernize its portfolio, focusing on well-located, amenity-rich, and collaborative workspaces [3] - Piedmont has leased approximately 75% of its portfolio, or 11.6 million square feet, over the past five years, showcasing the effectiveness of its placemaking strategy [3] Company Overview - Piedmont Realty Trust is a self-managed real estate investment company that owns and operates around 16 million square feet of Class A properties across major U.S. Sunbelt markets [4] - The company is recognized for its hospitality-driven approach and commitment to enhancing workplace experiences through its "Piedmont PLACEs" [4]