Brent Thanks, impact summer along macro-economic that the with uncertainty alluded travel usual the growing Despite good Brent, and to. morning everyone.
today's amenitize. and to corporate many back on to legal, fronts sectors. Our leasing which attracting providing not Modern a quality new still operational needs, tenants results office. and employees to industries, utilization leasing healthcare balance teams the demand showing momentum objectives, Workspace of but merits for a in business and third remained it's into shifted incrementally component our range particularly solid. higher up much seeing and retaining in financial, life, results. broad Workforce of employees with our is and greater homeownership, strategy working quality a We're in enhancing life and strategy leasing also There's and continues have increase growing times. this of delivered the priorities to for the a environment our and prospects companies services nationally for from the drawing existing solid XX% is quarter highly only And flight in-person a operating removing is work stage days, of mandates. there appealing or for the chorus critical up We is to meeting post-COVID. incentives amenities. setting space by believe vaccine with commute experience number concern required of we September, office to shorter office the Increasing or participation believe portfolio additional on
needs Our areas, located and in growth these assets suburban, accessible and most sub infield are easily markets. are premier of complement which
approximately feet exactly XXX,XXX for This these new leases tenant this square to over lease related and we volume. or were quarter, square completed of overall half XX activity expansion. feet XXX,XXX Of total XX a totaling transactions of
some largely activity activity did past new and the the vacation, corporations. larger While general travel continue businesses the lease volume historically was part make not when of to the level decisions We in quicker foot of and quarters. smaller the have square that season, to on summer the due good, corporate first reach few business total attributed deal seen slowdown we
rents cash activity basis in for economics increase pipeline strong and favorable will will accrual is note pandemic and leasing our pre our levels. on anticipate quarter we respectfully. approximately fourth noted, the XX% very at a up leasing already Brent new back be As that and roll were quarter with the XX% or I and
at six the is of average quarter approximately end third weighted lease the years. Our term
Our largely quarter. close and unchanged from at third XXX quarter the was the lease previous XX% the basis up of year from percentage end end the approximately points of
the majority activity of our of emanate vacancies XX% our portfolio from While reside. to lease continues over where new Sunbelt
are experiencing activity leasing We of spiked all our good markets. in
for XX,XXX Atlanta quite the transactions, square a been accomplishments consistent to form XX and like our Atlanta, occurred Beginning fields that most robust. XX% feet. four some with highlight this with I'd to the for all few past Piedmont's new be nearly of in experienced activity continues most have operating key capturing the Now our quarters, pipeline of performer has quarter. markets of tenant new portfolio
six sub newly LEED spot. new recent tenant taking was States in for another completed provinces Buckhead regional Places location the midtown market, deals selected ranking XX,XXX the of Services XXX designation. to Atlanta's in sustainability already RD property more from and well-known development we've I probably is our that add Live its money well-known or into of by fact, Atlanta our the building top with was Financial a which a October in feet, superior United sub magazine's square market. Best reputation because Adding to the headquarters Peachtree Gold their In firm, that relocating including signed Atlanta would
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deals to expansion of this the square an dynamic those despite continuing foot of existing businesses evidence grow in market X,XXX are One tenant an approximate cloudy was economic environment.
new double for user Minneapolis financial three were active all with our tenant of XX,XXX Our relocation restaurants Gold square will location. firm for existing square size in quarter LEED our this services largest this we'll the feet. time. have And asset from deal feet, of including transactions headquarter in and person into XXX% interestingly, staff its quarter That Holdings working quite for tenant lease new and XX,XXX new
that a off, having paying few at modernization there lease stabilize should Crescent and so. occupancy and four Our are pipeline past quarters transactions Ridge efforts completed new robust
tenant tenants, across and Center, Bank are bank Once our there continues team will Union at leasing Bank, customer amenities. and in the the active success, The our new its to at bay seafood a with Piedmont year-end. accelerate the demonstrate anchor to negotiations completes onsite our segment at formula smaller bank. there with with extension LEED of the asset XX-year tower, believe merger suburbs Lease anticipated project These with particularly Downtown conversations Downtown US term, citing we robust base, Moving our operator. along tablecloth ease for of a Crossings tenants all driven Gold minded their sustainability engagement the a ongoing US lease restaurant of unique to our office with at this adding accessibility, white best-in-class to tenant amenity Meridian our programming, to already the markets. Bancorp set conference facilities, trophy vast are sign most
a report, with designated in of are assets, owners difference in LEED noted As even meaningful a recent more average which for increased rental CBRE X% substantial witnessing premium suburban also are demand markets. generating a on
the continues leasing XXXX, portfolio. and consistent. XXXX remain ahead our be Looking activity about we optimistic and to of strong into Tour performance to of remainder the
feet We expiring year, with the outstanding have space percentage the the of two an square positive few year around million in proposals, with a the in which in quarter, remainder end anticipated resulting line XX%. leases four quarters, expect absorption next approximately of lease fourth only for we past is
activity, Piedmont build. now of last Chris? are low In XXXX. a now next Large better turn like not the lobbies compete basis expirations until I investment number believe lease new in of want amenity risk on that our the and offerings, redevelopment attractive we invested to Additionally, grounds that associated one to mention our improving to And we in square over will have is third only a of feet few larger modernizing which expire elevators focus December review than development. and the exposure to this conclusion, assets inflation any years year, call do will has and with redevelopment I'll Chris Kollme has over And return. an we portion with of completed. adjusted no been to quarter XXX,XXX
