Leasing ActivityLeasing activity remained elevated at 539.3ksf, bringing year-to-date leasing to 1.59 million square feet, with a leasing pipeline of close to 2 million square feet, 70% of which is new.
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 2022 levels, up from 53% earlier, with a significant improvement to 94%, indicating potential recovery in studio production.