Financial OutlookHigher interest expense anticipated due to increased swap expenses, impacting financial performance projections.
Leasing ChallengesJPMorgan Chase is only renewing ~10% of the 219k SF that expires, which suggests the building's leased rate may drop from 72.3% to ~42% all else equal.
Tenant Move-OutsSeveral large tenant move-outs, such as Google and JP Morgan, result in significant expiration of leases, reducing expected income.