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Q2 2026 Report
Office Deals of
Distinction
Spotlighting Top Leases Nationwide
CompStak’s Q2 2026 Office Deals of Distinction report surfaces the lease transactions that rose to the top across the country, ranked by total deal value, transaction size, starting rent, effective rent, and by tenants in notable categories. Every deal is drawn directly from verified CompStak lease comp data.
Featured tenants
Simpson Thacher & Bartlett
L’Oreal
Google
Palo Alto Networks
HarbourVest Partners
STARR Companies
United Talent Agency
Tennr
Simpson Thacher & Bartlett
L’Oreal
Google
Palo Alto Networks
HarbourVest Partners
STARR Companies
United Talent Agency
Tennr
Free Report
Download the Report
Fill out the form below to access the full Q2 2026 Office Deals of Distinction report.
Office leasing is not moving in one direction. Some tenants are committing for more than two decades while others sign terms measured in months. In Q2 2026, one tenant paid nearly four times the market average to open a small first office, while the quarter’s single largest lease came in below its market’s average rent. Nearly every top deal landed in a handful of New York City submarkets. This report puts each transaction in context against the submarket data around it.
Top Deals Across Every Category
Each deal is ranked within its category and benchmarked against verified CompStak market data for full context.
National Deal
Top by Value, New Lease or Expansion
An international law firm signed the quarter’s top office deal by total consideration, with a 25-year term and a starting rent both running well above the local market average for new leases.
National Deal
Top by Value, Renewal or Extension
A global cosmetics company locked in a renewal ranking among the top nationally by total consideration, with a term roughly 80% longer than the market average for renewals and extensions.
National Deal
Top by Starting Rent
A private equity fund signed a new lease at one of the highest starting rents among tracked office leases in Q2 2026, nearly four times the local market average, opening its first office in the city.
National Deal
Top by Effective Rent
The same private equity and venture capital manager posted one of the quarter’s highest effective rents, running more than three times the local market average on a 10-year term.
National Deal
Top by Transaction Size
A cybersecurity company signed the quarter’s largest office lease by square footage in the Bay Area, with a transaction size nearly 33 times the local market average for office deals.
Trophy / New Construction
Top Deal in a Trophy Building
A global cosmetics company signed the largest trophy office lease in New York City since a 2.1 million square foot renewal earlier in the year, at a starting rent below the trophy building average.
TAMI
Notable TAMI Deal by Value
A major technology company renewed more than 410,000 square feet, ranking among the top deals by a TAMI tenant in total consideration, at a rate landing just below the TAMI market average.
FIRE
Notable FIRE Deal by Value
An insurance group expanded on a term more than double the average lease length for FIRE tenants in its market, with a footprint also running above the FIRE tenant average.
Artificial Intelligence
Top AI Deal by Transaction Size
A healthcare workflow automation platform signed a new lease nearly three times the average size of AI tenant leases in its market, at a starting rent well below the AI tenant average.
National Relocation
Top Relocation by Transaction Size
A talent agency signed one of the largest relocations of the quarter, taking more than triple the market’s average transaction size on a 15-year term at a rent slightly below market.
National Tenant Expansion
Top Expansion
A law firm expanded its national footprint by 73% in a single quarter across two major markets, signing more than 1.1 million square feet combined, with each transaction benchmarked against its own local market data.
Read all the deals in the full report
Every deal includes the full comp record, market benchmarks, and submarket context. Free to download.
What’s Inside the Report
Where office rents are running above or below market
Each deal is benchmarked against current weighted average rents in its submarket. Understand whether the top deals are pricing above or below the going rate, and by how much.
Which tenants are signing the longest terms
Lease length is a clear signal of tenant conviction. The report shows where terms diverge most from local norms, from multi-decade commitments to leases measured in months.
Which markets are producing standout deals
The Q2 standouts concentrate across New York City submarkets including Hudson Yards, Hudson Square, Grand Central, Madison/Fifth Avenue, and Murray Hill, with further activity in the Bay Area and Washington, DC.
How deal structure varies across tenant industries
From TAMI and FIRE to a growing set of AI occupiers, the report breaks down each deal by tenant category so you can compare pricing and structure within the right peer group.
Verified comp data behind every deal
Every deal in this report is sourced from certified CompStak lease comp data. No estimates, no aggregations. Each comp was confirmed by a CompStak user and is linked to a verifiable lease record.
Download the full report.
Deal-level comp data, market benchmarks, and submarket context for every featured transaction. Free to access.
See the data behind the report.
Explore CompStak’s office lease comp database and analytics platform for deal-level data across every major market.
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