Top 10 Markets for Office Deliveries in H1 2026

August 31, 2026

Listicles Development Featured In Focus More National Office

Find out which areas have the largest volume of completed space, according to Yardi Matrix data.

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Amid elevated financing costs, cautious lending and weaker demand, U.S. office deliveries continued to lose momentum during the first half of 2026.

Developers completed 96 office properties totaling just over 10.2 million square feet year-to-date through June, a 50 percent decline from the 20.5 million square feet delivered during the same period last year, according to Yardi Matrix data. Compared to the first half of 2024, office completions have fallen 64 percent, underscoring the sharp contraction in new development.

Even so, construction has not come to a standstill, with activity becoming increasingly concentrated in a handful of markets and project types. Ten leading metros accounted for roughly 6.5 million square feet—nearly 64 percent of all office space delivered nationwide—with much of that supply tied to owner-occupied corporate campuses, health-care facilities, research centers and mixed-use developments rather than speculative office buildings. This trend in commercial real estate reflects developers’ continued focus on projects backed by long-term leasing agreements and specialized demand.

Below, we rank the nation’s top 10 markets for office deliveries during the first half of 2026, based on rentable square footage completed. Using Yardi Matrix data, we also examine each market’s construction pipeline to highlight where office development remains most active despite a markedly slower national environment.

1. The Bay Area

The Bay Area led the nation in office deliveries through June, with three projects totaling nearly 1.4 million square feet.

Delivery volume increased 62 percent from the 847,000 square feet completed during the first half of 2025 and surged 246 percent from the same period in 2024, when just under 400,000 square feet came online.

Google accounted for all three office completions, delivering two buildings totaling more than 1 million square feet at its Caribbean Campus in Sunnyvale, Calif., as well as the 331,785-square-foot office building at 555 W. Java Drive. Together, the projects underscore the continued resilience of owner-occupied corporate campus investment in Silicon Valley, where major tech companies continue to drive much of the remaining office development.

Despite leading the nation in office deliveries, development activity in the Bay Area remained selective. As of June, only six office projects totaling approximately 1.5 million square feet were under construction, while another 11 planned developments represented roughly 2.6 million square feet. The longer-term pipeline remained substantial, though future starts will likely depend on stronger leasing demand and improved financing conditions.

2. New Jersey

New Jersey ranked second nationally for office deliveries during the first half of 2026, with three completed projects totaling nearly 840,000 square feet. While delivery volume declined 24 percent from the 1.1 million square feet completed during the same period in 2025, it remained well above the roughly 287,000 square feet delivered in the first half of 2024, reflecting continued investment in specialized institutional developments.

The metro’s largest completion was DEVCO’s 574,000-square-foot HELIX H-1 in New Brunswick, N.J. As the first phase of the HELIX innovation district, the project brings together life science companies, academic institutions and public-sector partners, reinforcing New Jersey’s growing role as a research and innovation hub. Another notable delivery was Hackensack Meridian Health’s 245,000-square-foot Health & Wellness Center at Metro Park in Woodbridge, N.J., highlighting the health-care sector’s continued role in driving office development.

Despite the decline in office deliveries, New Jersey maintains one of the healthier development pipelines among leading markets. As of June, seven office projects totaling roughly 1.1 million square feet were under construction, with another seven planned developments representing approximately 1.3 million square feet. The metro also had 30 prospective projects, while construction starts held steady at two new developments despite a year-over-year decline in new square footage.

3. Philadelphia

Third on our list is Philadelphia, where developers completed two office projects totaling nearly 779,000 square feet during the first half of 2026. Delivery volume surged 210 percent from the 251,400 square feet completed during the same period in 2025 and exceeded first-half 2024 levels by almost 16 percent.

A significant delivery was Children’s Hospital of Philadelphia’s 349,800-square-foot Morgan Center for Research and Innovation, a facility that strengthens the city’s nationally recognized life science ecosystem. Alongside Parkway Corp.’s office building at 2000 Arch St. in Center City, the facility underscores how institutional investment and purpose-built research space continue to drive office development across the metro.

The recent surge in completions has yet to translate into broader construction activity, as Philadelphia’s construction pipeline has remained relatively modest. Two office projects totaling some 662,000 square feet were underway as of June, while four planned developments accounted for approximately 2.3 million square feet. The metro also had 66 prospective projects, although no new office developments broke ground during the first half of the year.

4. Boston

Boston recorded the nation’s fourth-largest office delivery volume in the first half of 2026, with two projects totaling 716,200 square feet. Delivery volume declined 47 percent from the 1.3 million square feet completed during the same period in 2025 and remained well below the 2.3 million square feet delivered in the first half of 2024. Even so, the market continued to stand out as one of the nation’s leading centers for institutional and life science development.

The largest completion was One Milestone at Harvard’s Enterprise Research Campus, a 526,931-square-foot laboratory and office building developed by Breakthrough Properties in Allston. Designed to foster collaboration among life science companies, researchers and academic institutions, the project underscores Greater Boston’s position as one of the country’s premier innovation hubs.

Although deliveries slowed sharply, Boston continues to boast the nation’s largest active office pipeline among the top-ranked markets, with 13 office projects totaling approximately 4 million square feet under construction, 21 planned developments representing roughly 7.5 million square feet and nearly 53.4 million square feet in prospective projects.

5. Houston

Developers in Houston completed the highest number of office projects among all metros during the first half of 2026, delivering seven buildings totaling 611,100 square feet.

Completed square footage increased 57 percent from 2025’s volume of 390,000 square feet during the same period, although it remained well below the 1.4 million square feet completed in the first half of 2024.

The market’s largest delivery was Midway’s 319,904-square-foot CityCentre Six, which expands one of Houston’s premier mixed-use districts with modern Class A office space. Other notable completions included projects for Houston Methodist and Castle Biosciences, illustrating the health-care sector’s expanding contribution to office development alongside traditional corporate users.

Unlike many gateway markets, Houston continues to pair steady office deliveries with active construction. As of June, 19 projects totaling 2.3 million square feet were underway, while another 15 planned developments accounted for 1.2 million square feet. The metro also ranked first among the top markets for construction starts, with five projects totaling more than 310,000 square feet breaking ground through June.

6. Los Angeles

Los Angeles posted the nation’s sixth-largest office delivery volume during the first half of 2026, with two completed projects totaling nearly 579,500 square feet. This marks a 237 percent increase from the 171,800 square feet delivered during the same period in 2025 and more than double the 270,000 square feet completed in the first half of 2024, marking a rebound after two years of subdued delivery activity.

Among recent construction projects in Los Angeles, Worthe Real Estate Group’s 326,000-square-foot office building at 3701 W. Oak St. in Burbank, Calif., was the largest to be completed this year. Located within one of Southern California’s major media and entertainment hubs, the project expands the supply of high-quality workspace tailored to creative and studio users. Habitat for Humanity of Greater Los Angeles also completed its new headquarters, as nonprofit and institutional organizations continue to invest in purpose-built office space.

As of June, Los Angeles had nine office projects totaling nearly 2 million square feet under construction, another 17 planned developments accounting for more than 4.2 million square feet and nearly 16 million square feet in prospective projects. Construction starts, however, remained limited.

7. Miami

Miami remained one of the nation’s fastest-growing office markets by inventory expansion during the first half of 2026. Developers completed four projects totaling 455,200 square feet through June, marking a 59 percent increase from the same period in 2025 and an 83 percent gain compared to the first half of 2024.

The largest delivery year-to-date through June was a medical office property, namely the 216,000-square-foot Irma and Norman Braman Comprehensive Cancer Center at Mount Sinai Medical Center in Miami Beach, Fla. Other notable completions were Terra Group’s 119,469-square-foot The Well Offices in Bay Harbor Islands, Fla., and Bizz & Partners’ 69,200-square-foot The Fifth Miami Beach.

The metro’s strong delivery pace is matched by an active development pipeline, with 13 office projects adding up to roughly 1.8 million square feet under construction and another 17 planned developments accounting for approximately 3.8 million square feet. Developers also broke ground on three projects totaling nearly 429,000 square feet during the first half of the year.

8. Atlanta

Atlanta recorded five office completions totaling 417,400 square feet during the first half of 2026. Although the metro ranked among the nation’s leaders by number of completed buildings, delivery volume declined 33 percent from the 623,300 square feet delivered during the same period in 2025 and was nearly 43 percent below the 731,700 square feet completed in the first half of 2024.

The market’s largest completion was Rockefeller Group’s 230,300-square-foot office tower at 1072 W. Peachtree St. in Midtown, adding new Class A workspace to one of Atlanta’s most active business districts. Another notable delivery was the 77,900-square-foot Arthur M. Blank U.S. Soccer National Training Center in Fayetteville, Ga., which anchors the federation’s new national headquarters and training campus.

Construction activity remained relatively subdued. As of June, four office projects totaling approximately 767,000 square feet were under construction, while another 10 planned developments accounted for nearly 2.5 million square feet. Atlanta also had 72 prospective projects, although no new developments broke ground during the first half of the year.

9. Chicago

Chicago office deliveries during the first half of the year included two projects totaling roughly 371,100 square feet.

Completions declined 25 percent from the 496,400 square feet delivered during the same period in 2025 and was down 57 percent compared to 2024’s 856,000 square feet.

The largest completion was The Fulton, a 369,000-square-foot office building developed by Fulton Street Cos. in the Fulton Market district. The project adds modern Class A workspace to one of Chicago’s strongest-performing office submarkets, where demand has remained comparatively resilient due to its concentration of technology, creative and professional services tenants. The metro’s only other delivery was Advocate Health’s outpatient center in Westmont, Ill.

Even as office deliveries have slowed, developers have continued to advance a select group of large projects. Seven office projects totaling approximately 1.4 million square feet were under construction as of June, while there was only one planned development of roughly 389,000 square feet. Chicago also had 42 prospective projects, although no new office developments broke ground during the first half of the year.

10. Omaha, Neb.

Omaha rounds out the top 10 for office deliveries in the first half of 2026, with two projects totaling 358,100 square feet completed. Considerably smaller than the nation’s gateway markets, the metro also posted one of the strongest growth rates, with delivered square footage increasing 111 percent from the 170,000 square feet completed during the same period in 2025 and 232 percent compared to the approximately 108,000 square feet delivered in the first half of 2024.

Both completions were part of the Heartwood Preserve mixed-use development in west Omaha. The largest was the 268,000-square-foot North Wing of the Applied Underwriters campus, accompanied by The Row at Heartwood office building. Together, the projects further establish Heartwood Preserve as one of the region’s premier mixed-use business destinations, with campus-style developments continuing to drive office growth in smaller markets.

Despite its smaller size, Omaha continues to maintain a surprisingly large pipeline relative to its existing inventory. As of June, two office projects totaling roughly 981,000 square feet were under construction, while another two planned developments accounted for approximately 1.3 million square feet. The metro also had 10 prospective projects totaling about 1.2 million square feet.