quarter our reflective of all work, spanning decidedly bringing encouraging geographies trend. frequent Thanks, Companies now second Colin. employees are office positive the are that industries and results to in-person back more operational sizes, and for
Financial an lease to entity foot the Group, in provide the XXX,XXX our update Phoenix. square Before I bankruptcy on want Hayden One results, of on Ferry reviewing at SVB
we on out plan of move Ferry We with than has have Hayden expiration approved to of of considerably overall date with the the now lease remove situation One our a in redevelopment September more Hayden court operations Upon SVBs no project. as bankruptcy clarity connection the the Ferry XXXX. rejection the targeted XX, later SVBs from
opportunity believe standard backfill market. to redefine quality of redevelopment especially We Ferry SVBs about below this One, sub-market expiring excited Hayden the is will Tempe average the and the rent in given are
it his already situation Gregg a looked early, of financial this space. the remarks. in have at details the around walk will While is prospects number through
to results. operating On
Our portfolio end total office at X.X% weighted and period remained percentage our increased of unchanged average to quarter XX.X% occupancy lease XX.X%. this
nearly Houston, some Our Phoenix occupancy of saw largest though in markets percent increases our one of were in level improvement. and every
still Looking to XXXX, maintain absent through One redevelopment Hayden projects. Ferry occupancy forward, our Central and Promenade we expect
can of leasing to of activity. new are begin commencement hopeful occupancy subject during we build XXXX, the timing We also the to
executed totaling leases lease feet, square we a quarter second solid years. a with term the seven office XX In of XXX,XXX average weighted
notable, quarter. since first volume This quarter's XXXX. a significant volume expansion leasing compared a is of to level and new quarter that not activity, increase was total accounted for this seen the Also our XX%
this was Average at second rent highest quarterly company's strong exceptionally a net quarter the in level $XX.XX, history.
In for sum XXXX. of addition, tenant of coming to the relative of leasing rent the moderated concessions average what quarters, couple the free defined full in as last improvements we reported year below and just
on basis aided Domain tenant downtime. was as-is this a large company XXX,XXX by concessions of foot X The traded at were disclosed with completed lower publicly allowance technology no improvement an the expansion previously Austin, and quarter principally in square which no
hiring did example to that they the past did the a years. not have concluded is company this an As of space enough accommodate Colin simply over they several mentioned, that
net rents company's at only net with I since X.X% level second-generation second record-breaking coming excluding quarter would average quarterly growth in average this were also at our highest on quarter cash effective large $XX.XX, one history. of with and effective Nevertheless, the continued rents the rent in exceptionally this also expansion pandemic. concessions, net Healthy rents a that lower Austin, in our strong when note even were the screening start impressive, better quarter, basis. again, as-is the net the
negotiation nicely leases Our late-stage quarter square at as of has converted in pipeline, leasing during feet. stands we and the XXX,XXX backfilled leases sign currently to consisting
reminder, the of it our still is was late-stage what double pipeline As almost in beginning XXXX. a
with are up momentum early-stage overall pleased to quarter. with last the tour medium in our We activity relative pipelines, also and
One particularly momentum our positive in Nashville. is mixed-use leasing important at development area of Neuhoff
completed component this XX,XXX we X,XXX newly leased. leased this mid-XXXX, in of under although retail space This office should this of our commence at expected is about bulk just square and bringing XX% The feet, totaling commence two quarter Neuhoff, square first of to in project quarter office the feet fourth year. leases to the
of We proposals active and with of of feet today. remain outstanding pleased prospective list XXX,XXX with our as retail square over office growing customers,
with is We are this the weeks in those and of it The of resonating optimistic unique several is convert to coming and lease we into full view, nature ahead. negotiations prospects. project creative will that
portfolio Cushman our assets the noted rents see As strongly lifestyle Belt, recently overall prime XX are a Sun vacancy higher. in occupants below years continue in and office its that highest-quality that work more past has to basis the & across locations, asking plentiful XX% in provide buildings we average, with the outperform firsthand the continue broader than market. is and superior amenities Wakefield XXX we to services, with office in the points built look
outperform. Sun interest should While continue uncertainty Belt persist, and markets our economic to hikes rate
earlier. in For the leases quarter, company to feet our job that In projected Austin totaling for eight portfolio, I square instance, through X we Domain XXX,XXX including the nationally technology according mentioned growth Economics, signed Oxford XXXX. expansion Number Austin ranks this sizeable
lease note stage over pipeline weighted Austin X.X At our relatively second late explorations, moderated of our the and least XX.X% quarter, that in with availability would enjoys to the the of material has I least was end course summer. near-term the years Austin average little of term. no and portfolio
any was to whether challenges. portfolio well very Austin cyclical positioned Our near-term
Campus million leasing leasing positive, activity first size, the notable Also XX% activity than AT&T's Atlanta, in the reporting JLL market move-out with quarter, while this square remain quarterly remains larger absorption office feet with Winnix the over Park was was resilient, driven quarter. the sizeable deal the Atlanta average X.X In was negative that it by net of in known at Buckhead. [ph] portion in a
office AT&T project a return building at foot since they XXX,XXX square However, released as new implement that has to policies.
XX Atlanta signed square the quarter, leases totaling Buckhead. Midtown we of this and XXX,XXX in portfolio, In with most activity feet our
redeveloped Promenade of feet Campus activity recently over signed Promenade far Our see includes year. this continued outsized which square to Tower, with XXX,XXX Promenade leases in so Midtown, Central,
SVB from the but signed, in it aside Buckhead expiring remain and a our has XXXX not track. about renewal quick reminder, customer been on still feet As does square XXX,XXX largest of
by It of are office As environment. back use often. we more look to physical more our or methods forward, amid you track an utilization, uncertain results the regardless second encouraged in economic remains that data clear quarter we people are which
with profile go and Belt markets, an forward end XX.X% base, Sun annual in best expiring to of attractive, in positioned near-term lease strong well remains exploration with and outperform a the customer XXXX. the Cousins’ only and properties through high-quality exceptionally diversified of rent contractual extremely
Before Gregg, The handing it Gregg. is they customers our off best-in-class team's for to Cousins dedication of to to and thank level do. operations our I portfolio. across excellence entire the evident all team want
