Urban Edge Properties "announced that it achieved record volume for new leases signed during 2022. The Company leased over 1 million square feet, up from a previous record of 683,000 square feet, through the execution of 69 new leases. Same-property leased occupancy increased to 95.4% at year-end, a 110 basis point increase compared to December 31, 2021. During the fourth quarter, the company executed 53 new leases, renewals, and options totaling 788,000 square feet. Same-space leases totaled 564,000 square feet and generated an average spread of 31% on a cash basis. During the year, the company executed 159 new leases, renewals, and options totaling over 2 million square feet. Same-space leases totaled 1.8 million square feet and generated an average spread of 12% on a cash basis."
Published first on TheFly
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