morning, Thanks, Colin. Good everyone.
half team quarter. year of the operations great the closed out another Our with first
I results, WeWork. loop over to on the close going Before want
our our line is than expected. difference in each of end X materially The was XXX at the second longer restructuring pots All were locations expectations. in only occupancy completed and remained WeWork notable in with prior the that to of WeWork of the outcomes quarter,
at Atlanta and We are have X glad to Charlotte. our remaining behind locations continued to in us, our effort this WeWork look and partnership with forward
and XX.X% operating this expectations last was this due occupancy of of of last our quarter, respectively, XX.X% than results. foot were XXX on period the delay both Austin to our over move in anticipated I quarter, year. largest you pots. Occupancy total higher balance XXXX X as of to leased some drivers August. Accruent portfolio also want an remaining occupancy expiration Now expiring second largely average customer for increase square office weighted our the the at XXX,XXX We disclosed that of percentages WeWork's to end to Domain vacating walk expected a and In wasn't quarter. quarter, our year in Recall Accruent, was through out. last that end
we However, the a win ready. This is an its in rate expectations, will clearly Accruent to but and its occupied agreement renew relocate our adjacent effectively with reduced X will is reduced space a at beyond in previous be relocation a after expiration remain our until to footprint. still this space Accruent building Domain August. X quarter, reached XX% relative August Domain current
limit we development former As intend to on the story, light where have to a core the in single Domain. building land said the Domain in to term X manufacturing for deals as we past, this is short exceptional of leasing is future optionality preserve
commence occupancy signed remaining Accruent's year-end. by strategy, should this of our result new year-end change, possibly to portfolio from about to XXX,XXX in feet leases Given of stable modestly expiration extremely after plan square continued and we our this and remove lease through and expansion effective expirations set XXXX low building higher operating reported August.
Combination in the portfolio
economics, XX average with team the office leases During XXX,XXX leases notably to a our completed by weighted Further, new a square lease foot this term years. activity a our and second-generation of cash in of the solid totaling again XX.X%. quarter yet a strong quarter, on square XXX,XXX our favorable representing basis.
With square feet the expansion quarter leases, regard were XX% rents lease feet increased completed second of second X.X
new was rate after in Midtown is the we and contributor. of signed we the the a seen in In the have on growth activities, office. significant particular, we strong and first a all This Midtown. major purchased the in the All lease customer was XXXX, renewal with of largest our Atlanta markets testament in this roll-up Promenade quarter Atlanta rent second-generation at of property to rents one roll-up roll-ups in a rent, had Tower Lifestyle leases
Our history. in and quarterly last came net quarter over an highest quarter increase company's third level $XX.XX, this average in rent our at the
This the our quarter, of $X.XX, rent Despite free sum quarter came this also as in quarter. over full is above average. net trailing concessions improvements rent last were an tenant $XX.XX, increase results at the and defined and our average that, XXXX effective leasing our average year X-quarter
Our be rents effective continued pressure even to concessions. in with net upward resilient, continue
a for leasing According U.S. XX XXXX. of absorption from office since national markets, XX% highest country, initial first the the activity increased JLL, major recovery hitting net for our CBRE level data quarter-over-quarter development segment. across the quarter to second lifestyle continues quarter Looking leasing late since market XXXX. for to underway, positive was the first but Nashville in A certainly Neuhoff office appears the especially At momentum. level, broader in mixed-use see time office
a quarter the office This portion the completed firm, project commercial leased. the of to square taking lease with XX% a team professional XX,XXX foot services
strong leasing X the deal We of deals in XX,XXX we the June, quarter, project and the are XX% professional and larger leased.
Last, and this size leases another users, began take initial feet. greater noted of emergence this of square in the at portion than well. lease quarter an multifamily with with signed to commercial all sectors, more JLL XX% as project the quarter-over-quarter Those units were names also X services Atlanta, XX,XXX office as in increased momentum this totaling to the pleased the average now negotiation financial square and negotiations In feet. would are saw market transactions
including tenant XXX,XXX increase a Colliers time of level According we the Atlanta, In remained signed XX% Midtown. at material this in leasing the a of has XXXX. we've requirements encouraging highest new at leases signs newly XXXX. Our added the the leases seen redeveloped with in for our over Promenade square square feet Of XXXX quarter-over-quarter square this building market in activity Tower notable we of demand Seeing the Peachtree signed XX,XXX end X showing to Buckhead, quarter of that Austin feet portfolio, in square expansion new leased. Austin to the project coming of quarter, first in since net our growth. of second renewal activity steady, saw since quarter, foot Atlanta in bringing team signed XX,XXX new XXX,XXX JLL, to leases and were at feet and
of average Our total team for strong a $XX.XX. signed net leases XX,XXX with of square effective feet rent XX a
by saw material industry absorption year-to-date. our not in pipeline market. positive Austin, have encouraged net both net leasing concentrated, our Phoenix, and once In where are be the more could year the demand in an within including Austin. portfolio beginning portfolio also half is We from from We a It seen market while negative again in the see demand we increase In across the perspective, technology experienced is absorption. overall sector. of broad-based Tempe, interesting first the the our to
last have uptick noted firsthand seen in an activity, leasing we year. We late which
square of its will occupy first are were major Our X. also Hayden report half with Phoenix foot [Technical is floors Hayden of customer approaching robust. that which redevelopment negotiations lease over leases that to Difficulty] this Overall thrilled quarter, team new Ferry, which we XX,XXX-square new. to of interest a the Ferry of feet be I'm the continues X in in end
In its absorption be of since want our of beginning product availability. screening are is Like Tampa, of net all would XXXX. to level which high-quality markets, there less highest signs office customers at
high-quality this expect Westshore and benefit district. [indiscernible] portfolio in We to our
were for this team prospects know, leases move out the increases XX% Third to we of the team customers Sun focused but redevelopment quarters thus of are America more XXX,XXX reenergize few well Charlotte, have is plans Bank in our the XX,XXX of Tampa the on about last Uptown our seen as feet an some Our plans market of We're material this quarter, year. for of of bodes initiative. existing intently over new leases. finalizing seen to our where, the at who of Center set markets, have next is the which completed July square far. feet Fifth of impressive end and is repositioning in new you one excited square new the our Belt [indiscernible] of which property, importantly, plans any and largest arguably requirements In
would I we pipeline. to leasing from to quarter exceptionally second transition our healthy strong. pipeline late-stage end, overall our to subsequent on that note saw Moving
as XXXX is our remains COVID. late well. since fact, pipeline In stage encouraging now a at The leasing to seen early not level pipeline and prior very late-stage
We ahead balance us are this and of beyond. lies of optimistic about year what the for
this the always, As year. great positioned We forward team to want momentum of our work Kennedy? operations continuing I hard whose to look thank together. have incredible for half continued second a us
