Leasing PipelineThe leasing pipeline aggregates 7msf, and includes both recent vacancies, with management suggesting 35% sits in advanced stages; execution on this pipeline should stabilize the portfolio.
Real Estate InterestManagement noted 'strong interest' in the Hawaii land parcel, which could see rent roll up as high as 30%.
Rents And DemandDespite weathering a 2.2msf occupancy decline, rents attributed to the Home Depot space are less than 1% of the total, while the site should see ample demand given lack of land earmarked for commercial use in Hawaii.