BXP said it is making progress on the multi-year business plan outlined at its September 2025 Investor Day, including targets to reach 89% occupied (91% leased) by end of 2026 and 91% occupied (93% leased) by end of 2027. In Q4 2025, the company completed more than 1.8 million square feet of leasing with a weighted average lease term of 10.1 years, including 425,000 square feet on currently vacant space and 620,000 square feet on expirations through year-end 2027, lifting occupancy by 70 basis points to 86.7% (89.4% leased); it said Q4 leasing volume was about 114% of its historical Q4 average. Quarter-to-date, BXP has executed about 600,000 square feet of leasing and reported a pipeline of 1.0 million square feet in negotiation and 1.4 million square feet in the proposal stage. On portfolio optimization, BXP reported more than $1.1 billion of net proceeds from dispositions, with additional 2026 dispositions expected to bring estimated total net proceeds to $1.25 billion toward a three-year target of $1.9 billion. The company also said it launched developments at 343 Madison Avenue in Midtown Manhattan (29% pre-leased) and 725 12th Street in Washington, DC (79% pre-leased), and executed a lease for about 275,000 square feet with Starr at 343 Madison Avenue, representing about 29% of the 930,000-square-foot project.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BXP Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603020700BIZWIRE_USPR_____20260302_BW893517) on March 02, 2026, and is solely responsible for the information contained therein.