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Average Daily Rate
Captures the average price charged per occupied room or unit per day and reflects pricing power for any hospitality or short-term rental assets in BXP’s portfolio; an analogous concept for offices is effective rent per occupied square foot. Higher rates point to stronger pricing and revenue quality, while declines can indicate increased competition, weaker demand, or the need for concessions.Average Daily Rate exhibits a clear seasonal pattern with pronounced mid-year spikes that reset to a higher baseline after the 2021–22 reopening—evidence of regained pricing power during peak leasing/commencement windows. Management’s leasing momentum and rising occupancy assumptions support further ADR upside in premier CBD assets, but gains are concentrated; non‑premier weakness, higher interest costs, and elevated TI/CapEx mean ADR strength may not fully convert to FFO unless leased‑to‑occupied conversion broadens across the portfolio.
Date | Average Daily Rate |
|---|---|
Jun 30, 2026 | 374.01 |
Mar 31, 2026 | 259.22 |
Dec 31, 2025 | 322.45 |
Sep 30, 2025 | 328.68 |
Jun 30, 2025 | 373.26 |
Mar 31, 2025 | 258.17 |
Dec 31, 2024 | 331.41 |
Sep 30, 2024 | 356.44 |
Jun 30, 2024 | 372.29 |
Mar 31, 2024 | 254.86 |