BXP · 10-Q · 2026Q2 · Full report

Tenant Leasing Commitments

BXP, Inc. · 2026-08-06 · Importance 56 · Surprise 24 · Matches filing data

BXP paid $139.4 million for tenant-related obligations, including tenant improvements and leasing commissions, during the three months ended June 30, 2026. BXP and its unconsolidated joint-venture partners incurred an additional $119.4 million of tenant-related obligations for approximately 1.2 million square feet of second-generation leases, equal to about $99 per square foot. BXP signed approximately 551,000 square feet of first-generation leases during the quarter.

Key facts

• Termination income for the three months ended June 30, 2026 and 2025 related to 13 and two clients, respectively, and totaled approximately $2.8 million and $0.6 million, respectively. source
• We have a modest 300,000 square feet of leases expiring prior to December 31, 2026. source
• We have 1.1 million square feet of executed leases scheduled to commence in 2026. source
• During the three months ended June 30, 2026, BXP paid approximately $139.4 million to fund tenant-related obligations, including tenant improvements and leasing commissions. source
• During the three months ended June 30, 2026, BXP and its unconsolidated joint venture partners incurred approximately $119.4 million of new tenant-related obligations associated with approximately 1.2 million square feet of second generation leases, or approximately $99 per square foot. source
• Weighted Average Free Rent Period for leases executed was 172 Days for the three months ended June 30, 2026 and 185 Days for the six months ended June 30, 2026. source
• As of June 30, 2026, the weighted-average remaining lease term for our in-place leases, based on square feet, was approximately 7.7 years. source
• As of June 30, 2026, the weighted-average remaining lease term for our 20 largest clients, based on square feet, was approximately 9.4 years. source

Impact estimates