Leasing VolumeLeasing volumes were below DEI's quarterly average, with decision-making slow in August and September.
Occupancy ChallengesOffice continues to disappoint, with occupancy sliding 50bps q/q to 77.5%, resulting in lower occupancy guidance, and weak leasing spreads.
Occupancy DeclineDEI had another sequential decline in occupancy despite a 25% increase in leasing volume.