Leasing ActivityLeasing activity remained elevated at 539.3ksf, bringing YTD leasing at 1.59msf with a leasing pipeline of close to 2msf, indicating strong demand and growth.
Studio BusinessThe company is optimistic on the studio business as they have seen improvement in activity and demand for stages, with 79% of film and TV SF leased or in contract.
Studio Production RecoveryProduction starts in the US reached 67% of previous levels, with a significant improvement to 94%, suggesting a promising recovery in studio production.