Leasing ActivityThe company executed approximately 269K sqft of new and renewal leases, which included 162K sqft of new leasing and 107K sqft of renewals.
Occupancy RatesOccupancy will be improving to 87% as tenants that have signed leases but have not moved-in to the building.
Portfolio PerformanceThe company's overall portfolio consisted of 5.6 million net rentable square feet, with an occupancy rate of 83.0%, which rises to 87.3% when considering signed leases awaiting occupancy, the highest level since the pandemic.