morning, Good Colin. Thanks, everyone.
solid results. Our once operations team, quarterly again, delivered
three or office days week. more As Colin the for broadly mentioned, bringing companies to employees are now per back
X% of this the are in XX% on We parking in first our a quarter and respectively. revenue basis, and the sequential seeing impact year-over-year noticeably increases most
entity bankruptcy longer color Ferry SVB Financial January in Before expires of Phoenix a Group, That moment I SVB Bank XXX,XXX in results, that other Hayden subsidiaries. owns the of parent provide nonbank reviewing a foot that company to still entity the on no at want square XXXX. to our lease take is on more but owns
user However, the now Citizens is Bank. of SVB by actual our Bank, First which was space owned
With iconic space have even that, project do bankruptcy, from new below SVB back this to with is potential a received the SVB, inquiries To it from the an project Financial in-place whether our office the come space Further, we available. in the SVB had said, planned, outcome have Bank First view Hayden SVB's that Phoenix We in still Group, and customers about market. too of multiple is Citizens. early already are lease. is Ferry process and in contact clear with a get extent we legacy will rent before reinvestment significant SVB
to results. operating On
composition First, first there were changes portfolio in the quarter. no
the in executed seven XXX,XXX a average as at XXX,XXX over our in expirations, of X% Our both XX.X%, through leasing expectations end-of-period XXXX. weighted quarter. with first we only When leases lease slightly term the have our average the occupancy office of of quarter, years. respectively, first expansion feet last square the and quarter was past in portfolio with and total XX.X% and volume years were In and only portfolio was was in a the feet line looking percentages office than given first end of weighted up with average XXXX square activity, that lighter the quarter, totaling XX% relative volume new of total proxy. XX volume lease annual we very The which the of rent occupancy operating total to higher low pre-pandemic quarter five
foot of a net than saw in full the outpaced this as year. at On rent year improvements, full per X% expansions, was topic the defined higher and the quarter of Average at this quarter, per XXXX, $XX.XX scored as square the and strong were on $X.XX year concessions, footage expansions tenant free contractions XXXX rent leasing with sum of we basis.
for our year been was net rent tenant delivered we for upward rent what in allowances free line to in quarter the have first the continue pressure for XXXX. improvement while, we average full the As is with foreseeable effective likely that, Despite a saying in and future.
that at generation of second pipeline, in feet. net is activity lease also on a what operating least Year-to-date, are over Healthy in it square of we the basis. and a based broad rent consists that negotiation which to quarter technology industry X.X% time more growth Please sector. stage XXX,XXX feet Almost cash This keep results These last square leasing double the are encouraging coming commencement have was is seen first our typically leases ramp continued leases. this in the late quarter, and quarters. in market new year. of XXX,XXX terms up between including two is in time and lag the in from representation, also begin than expansion and mind signature at total to
are to will already full that addition want increasingly because can is to financial emerging capital because that from to gravitate trend. a and seeking to are flight activity We the of our flight impact also expansion So XXXX. but we prospects and mentioned actively in seeing ownership materialize also stability. quality, Colin reiterate trend this not see new to begin only assets out activity leasing demonstrate in that quality this the powerful I to
about impact renewal a expiring occupancy largest the this otherwise, As expirations from largest XXXX year, XXXX potential on we even still minimal of in and is that any quarter and maintaining of excluding and reminder, feet building is the SVB path renewal negotiations XXX,XXX of reasonable our and a anticipated end at to customer Buckhead through occupancy With quick our still in toward Ferry. track. the similar Hayden lease see square expiration
and new markets, hottest In the dynamics. continues leases the been development square partner units. in areas with level the Job office market mixed And to Moody's to square we negotiation that growth followed country. Austin. additional to that in XX% just according approximately to under Wall by XX,XXX the multifamily proposals of of of Neuhoff Journal Neuhoff, have we XXXX's Nashville, where say other Nashville topped XXX,XXX Moving excited outpace feet we now square dynamic feet out list at and the active shortlisted. Belt use office job are in Street I'm of Analytics, of XXX,XXX Sun a XXX an feet includes have
portfolio. In we and of metro very leases signed that around rate which our approximately in with large among Neuhoff completion. labor than at by are competitive excitement typical growing pleased lower as to clearly it the participation the has Austin, feet which is force areas, first square We project position closer gets encouraged strongest XX,XXX the the quarter, for
quarter, material last positioned noted at of also macroeconomic XXX% domain is lease the leased challenges. XX.X% I no X.X leased expirations As in Austin weather average term, with our with well and years near-term weighted to portfolio
In late-stage addition, include positive pleased that activity. pipeline our leasing in to some I'm very report Austin
square new leasing Included in increase square will XX% in submarket. In a Kimley-Horn signed, this Atlanta, Promenade new for is heart that feet to that a Atlanta across the long CBRE more our square the quarter-over-quarter. Edelman In approximately prominent Promenade leases renovated feet we with Visa, activities quarter Deloitte term prior with of Midtown all feet signed downtown notes lease of leaving years a in XXX,XXX vibrant Deloitte and be of XX,XXX transactions much quarter, customers campus join of portfolio, Atlanta submarkets. X.X surpassed like million our our after newly at other Tower. many at
Amazon Partners mega That X.X% X% highly we from Friedman. are portfolio less in like of and equity with customers smaller Meta. and are or our About private are technology respected aggregate portfolio. into market those smaller helpful nature that, of than About our are & publicly investors, of either capitalized backed as be companies companies half than companies comes Vista Hellman publicly traded more players that about to the an billion companies. traded some private, Equity over $X and by the insight leaves thought would technology well it Of sector. the Finally, such cap cap rent share XX% XX%
exposure surprisingly, population early buildings the customers Not that standards generally of years. limit an profile average start quality However, boasts operating our companies. our trophy credit of up of history well rent as as to stage almost XX
Gregg? this Gregg, month to off talented us management how handing Before retreat I thank country. collaborate can was earlier were of from our want say energizing Many team. a firsthand to it and Tampa in together operations person I teammates across for with to in
