Key Performance IndicatorsKey performance indicators such as leasing, occupancy, same store (SS) cash NOI, mark to market, and tenant retention ratio, among others, remain weak, impacted by ongoing challenges in the office sector.
LeasingLeasing costs remained high (although improved), and the pace of lease-up development in the life science portfolio remains slow, with another quarter passing by without any new leases.
OccupancyOccupancy headwinds in 2H24 due to expected large move-outs.