Leasing ActivityLeasing activity remained elevated at 539.3ksf, bringing YTD leasing at 1.59msf, with a leasing pipeline of close to 2msf, indicating strong demand and growth potential.
Studio Business PerformanceThe company is optimistic on the studio business as they have seen improvement in activity and demand for stages, with 79% of film and TV SF leased or in contract.
Studio Production RecoveryProduction starts in the US reached 67% of '22 levels with a meaningful improvement to 94%, indicating potential recovery in studio production.