HIW · 10-Q · 2026Q1 · Full report

Geographic Market Commentary

HIGHWOODS PROPERTIES, INC. · 2026-04-28 · Importance 29 · Surprise 30

Highwoods focuses on owning and operating high-quality office buildings in best business districts (BBDs) across Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Management expects NOI to be higher for the remainder of 2026 driven by contributions from recent activity in Raleigh, Charlotte and Dallas and completed development projects in Raleigh, partially offset by dispositions. The company emphasizes BBD locations that are 'commute-worthy' and talent-supportive as a competitive differentiator in attracting tenants and supporting leasing spreads. Regional performance and office employment trends in these markets are noted as key determinants of occupancy and rental revenue outcomes.