Leasing ActivityLeasing activity of 99 ksf declined from 170 ksf, with a WALT of 2.3-years.
Momentum LossThere was understandable momentum loss apparent in JBGS' 1Q24 results, after last month's announcement that Monumental Sports agreed to stay in Washington, D.C., bowing to political pressure.
Operating OccupancyOperating occupancy declined 130bps q/q to 86.4%, driven by a 250bps drop to 80.6% in commercial, with multifamily flat at 94.3%.