LOS ANGELES – Kilroy Realty Corp. has revealed its execution of286,000 square feet in new or renewing leases within its stabilizedportfolio, during Q2.
The company's leasing activity encompassed properties withinnumerous West Coast markets, such as San Diego, Los Angeles and theSan Francisco Bay area.
The executed leases comprised average rents that were up 11% ona cash basis and 30% on a GAAP basis over the prior leases. Thelease agreements presented an average six-year term and 80% of theagreements were renewals.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
