<h1>Commercial real estate leasing surges 60% to 1.1 million square feet with vacancy rates hitting four-year low</h1> A major commercial real estate city recorded 60% year-on-year growth in leasing volumes during the first half of 2025, reaching 1.1 million square feet according to a real estate consultancy report. The office market achieved its highest half-yearly transaction volume in a decade, driven by a significant IT outsourcing deal and flexible workspace agreements. Peripheral business districts dominated transactions, with two key areas accounting for 93% of activity. Vacancy rates dropped to 33.5%, the lowest since 2019, while rentals increased 10% and new supply remained limited at 0.2 million square feet expected by year-end.