AI Leasing "Enormously Beneficial" to BXP Portfolio Growth

BXP reports 1.1M SF in Q1 leasing activity, driven by a 150-basis-point jump in overall leasing. Explore how OpenAI, Anthropic, and the AI boom are reshaping Class-A office demand.

By: AXL Media

Published: Apr 30, 2026, 11:20 AM EDT

Source: Bisnow

Q1 Portfolio Performance by the Numbers

BXP demonstrated resilience in its core central business district (CBD) holdings:

Leasing Activity: Completed 1.1M SF across 68 transactions in Q1.

Occupancy Lift: Portfolio-wide occupancy rose 70 basis points to 87.4%.

Leasing Velocity: Total portfolio leasing increased from 89.4% in Q4 to 90.9% in Q1.

CBD Strength: The REIT's premium CBD portfolio remains the anchor at 89.9% occupancy and 93.4% leased.