Good Curtis. today. thank for all And us you Thanks, morning. joining
The third quarter was very to respect positive with for us, especially leasing.
we the weighted square leases commenced During term a average XX,XXX with lease across of quarter remaining feet, almost X.X new five years.
of months the over a basis by management basis X gains our occupancy XXXX, significant increase brokers and nine held portfolio weighted lease steady including and of first Square. at built years. strategy, Times of average the portfolio X.X asset hard new points that team. benefits points, term our proactive our we the work we tenants leases years, with XX% increased These XXX illustrate property occupancy signed to with dedicated relationships remaining the the a During of management seven Compared XXX quarter, at last and
of confident from term belief XX% and in the space, the Based million, in last City foot remain stability XXXX. on City strength necessity lease we X.X York this on the showing our office York We our Real New beyond Estate, years extend of year our These retail X% New high of tenant our our quality Real also of tenants XX% believe have investment tenants reflects grade, City fundamental long-range of portfolio. our term and an for York top roster. well of million Estate. portfolio quarter, the a $XXX X.X remaining the Of highly long term XX in nearly New demand the square of of assets our increase leases long providing are quality where
agencies eight in Market pre-pandemic is Young's office policies. total, Ridership Report, Office last Kastle as to October, across the in government Across leasing Manhattan primarily from third continues New and firms. The by TD occupancy portfolio, City level, base entirely new tracked have tenant our New with grade one and XX% featuring various of Bank, rates rates, progress Our was York year's continue of operates reached continues in Avison City to retail including occupancy large in Bank, We our including all portfolio post-pandemic to front, outpaced XX%, adopt agencies. In lowest has the of located. XX% condominium in on portfolio industries MTA show Manhattan. a of office increase increased assets Manhattan market but office our while properties in their from of sectors quarter City play approximately and number to consists October. government mandatory XX% a and located and and unemployment tenants companies buses usage subways Systems the leasing and weekly buildings pure where high. XX$ physical our by month National portfolio, activity According built York in a across CVS, investment financial respectively,
the these estate term expand long of efforts we our that very to create outlook that and the continue is real Manhattan support value. will factors asset All strong, management view for
into we expect head Manhattan. holiday season, we the office traffic retail see to and in As increase
this progress. positioned well to Our portfolio on is capitalize
to Our additional the lease leasing line once occupancy straight million $X.X increase is going rent X.X% and by is effect. into by an expected pipeline
worthiness discussed and rent again collection quarter, improved by quarters, we've leasing XX% all continued collected the be and cash we've of success In XX%. of original original up Times at improved across And year-to-date. achieved in quarter. to in we Year-over-year our is from the the last due Square, top collection the tenants increased once have quarter, cash tenants total rent successful third original rent team and were due previous nearly XX new from made X% rent to portfolio spaces our replace the tenants are has all collected that We tenants done rent portfolio. X the in our is to cash payments paying by rent part of we to to necessary. with the and third As work over occupancy we X% where prior the credit believe ensure
expect to the net fact We debt with leverage a rate was have X.X% of our We leasing based from momentum recent rebound York think rental balance average sheet average maturity. and the that XX.X% a on weighted City years we of positive weighted our market. continue and New in the had benefit X.X to interest conservative
we fact, next, maturities debt year don't until XXXX. In or minimal and any this have maturities
All of our rate. debt is fixed
broadly shareholders strategy City play we've continue collective affiliates believe aligned years members To locked remained for significant to rates lows, while As holdings validated were York meaningful New value has they at discussed, they their for that portfolio a its we are to create of with significant well historic come. interest in NYC's and board that there's our NYC. as advisor growing independent as believe point, been interest rates that potential pure we previously rising. We
New independent million owned advisor shares approximately and of X, York over and City's November X XX,XXX NYC's members shares of NYC. owned As board affiliates separately, of NYC
our go build continue that, intent for turn to ahead, to results. Chris move to we As to all it's the third value it I'll quarter With over stakeholders. Masterson over Chris?
