The RMR Group Reports Approximately 1.9 Million Square Feet of Leasing Activity for the Three Months Ended March 31, 2023


65 Leases Executed for a Weighted Average Lease Term of Nine Years

The RMR Group (Nasdaq: RMR) announced the execution of 65 leases for approximately 1.9 million square feet on behalf of its clients during the three months ended March 31, 2023, including 28 leases with new tenants for approximately 433,000 square feet. The 65 leases executed had an average roll up in rents of 1% and a weighted average lease term of 9.1 years.

Adam Portnoy, President & Chief Executive Officer, made the following statement:

“Despite a challenging economic environment for commercial real estate, RMR achieved strong leasing activity of 1.9 million square feet while maintaining relatively flat rent rates, ending the quarter with a combined occupancy rate of nearly 96%.”

The RMR Group provides asset and property management services nationwide for over 1,300 properties with approximately 114 million square feet of office, industrial, medical office, life science and retail space. RMR exclusively provides property management services to its clients and does not offer standalone property management services to third-parties.

About The RMR Group

The RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by approximately 600 real estate professionals in more than 30 offices nationwide who manage over $37 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit

Christopher Ranjitkar
Vice President, Marketing & Corporate Communications
(617) 219-1473

Source: The RMR Group Inc.
Cautionary Language

The information appearing in RMR's website includes statements which constitute forward looking statements. These forward looking statements are based upon RMR's present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. RMR's actual results may differ materially from those contained in RMR's forward looking statements. The information contained in RMR's filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” and “Warnings Concerning Forward Looking Statements” in RMR's periodic reports and other filings, identifies important factors that could cause RMR's actual results to differ materially from those stated or implied in RMR's forward looking statements. RMR's filings with the SEC are available on the SEC’s website at and are also accessible on RMR's website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements. Except as required by law, RMR does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.