Piedmont Realty Trust Sees Record Leasing and Higher Occupancy in 2025

Piedmont Realty Trust reported a record 2.5 million sq. ft. leasing in 2025, lifting in-service occupancy to 89.6% and achieving record rental rates across its Sunbelt office markets. The leasing mix is heavily weighted to new tenants and previously vacant space, strengthening cash flow resilience through portfolio upgrades and capital structure management. However, near-term risks remain, including higher interest costs and ongoing capital spending.