David. you, Thank
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Boston’s let's residential with as for renewals expected the at XX.X% quarter with So occupancy and Boston. performed at start X.X%. portfolio
quarter from benefited reported income. modestly strong revenue garage parking Our first
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be occupancy We our will watching closely.
Amazon expansion into product the remains educated large well with Boston, relocation, and Fortunately, continues support being strong continue workforce recently and employees have to location growth Square and Reebok that for and already Mutual stated the will Seaport their especially areas. delivered. Kendall new of they Max to its announcements attract new XXX Seaport working corporate absorption and strength. job at to continues recent
in we could to positioned you, we be As of I where this exactly are morning, want Boston. tell
at many disciplined. Our which the supply compared is basis points pricing with remains Onto points XXXX. XX baselines strong elevated Renewal over are the our X% achieved same up basis year. given April to of XX is last week XX.X%, period conversations same the remains which expected year-over-year, And last New increases York and up Overall occupancy in May the year. focus has been performance X.X%. at for
the a use competitive being XX.X%, introduction Our not marketing up reduction renewals with concession operating use. the And lower always targeted and pricing read use of surprise yield remain occupancy our the to better expected focused about we in asset as an management of a that net elevated concessions for for unit we X.X% a were We unit. slightly effect concession of or a even tool equate should and on given it a stabilized is than is of type place, lot very quarter. supply, specific metrics than with net concessions headlines effective at be market used our you of no expected price. exactly a in primarily with With and increased
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we anticipated of a coming Our in have engaged position next and we and largest performance and highly season. impact year significant of on today when results team the full for out. the perform are local days still quarters XX is to revenue will leasing gave our two a year we early in this is The have the deliveries guidance. better than what But ready peak
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the a rent growth. continues supply level of and effect new However moderating elevated have to
expectations, supply in has was DC consecutive with and points year. is still per and week we where growth first in we X.X%. of in row. leasing XX quarter in increase the base May. units strategy coming to than in for XX.X%, our QX same in our a XX are and Today our us achieve trending the the achieved operating week Our of in growth absolutely year, our points the last a early Building allowed XXXX renewals part quarter X.X% basis expect week was advance which were to out. our ninth up revenue higher a are new higher Today a same increase points but consistent which this is well they and we April basis XX.X%, are renewals occupancy up than we almost were of season – to season was the and are Again last XX consistent maintain market have occupancy X.X% levels occupancy positioned, lines of higher is was leasing XXXX on basis
to in in were that less expected which same X.X%. QX first has. are and open XX.X%, to in than week down year expected. initial compared is the pause in moderation strong. coast. and as the the last The as and positions to our see job Today still XXXX which is we the revenue the renewals our Seattle expected. base X,XXX somewhat less the market it’s website. the news in from experienced is Overall points grow we Seattle last continue is to quarter of less told you HQX as XX basis average last XXXX, points the about vibrancy under season over of to the Amazon first year. early than west rents year show is today and On XXXX definitely call, Occupancy be moderation our over that in XX our in Seattle the that continues ability Seattle quarter results quarter it Moving announcement fourth XX.X% past, for to and occupancy we was continues rate basis remains strength we Well, good X.X% into had
season. to is strong keep and renewals and eye on current close our move X.X%, May is April moderation be we remain trending towards expect as Demand the something continue through leasing to We that of we X.X%. pricing the will power a for
the Moving and to is on that earnings for in that we has the this that case. outperform, market store believe be the revenue our down same to San January Francisco, call still year we potential the to the most said expectation growth
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supply our our increase may Hollywood strength area from the have significant of supply. the rates new our continue As and XXXX. in of increasing is geographic ROI that be prior This concentrated area is of absorption and us Netflix, almost strong. calls, raise area of a market in up Beach are we against a in in aiding NOI. XX% supply to position and to while supply into ramp early is creation with metro Angeles to to of related and a it's guidance this Silicon beginning along power Apple large making we’ve diverse Jobs will new pressure in Employment pricing occupancy of become downtown discussed investments online Los point March. was growth content strategy expansion And a with where to XX% remain that the with new know the volume Culver the continued we But City. Amazon
season XX which of higher than challenged. the early points but ability X.X%. and results marginally were still are our pricing in For were to expected, renewals quarter, was QX we the than XX.X% power occupancy and better the had Overall we basis be maintain up will XXXX
which is points LA better the Our than in XX.X%, same today year. occupancy week last is XX basis
Our base are in April a we on expect trending rents May. and renewals are up from year-over-year X.X% increased X.X% to X.X% and
County, being for created line renewals level was expected at Irvine XX.X%, greater the was lease-ups were and than on April. in XX than Orange we with of Today, higher basis And Occupancy first at Moving for in are were which points quarter quarter we area. a the for expectations. pricing QX experiencing results pressure X.X%. occupancy XXXX and it's from
is Our basis XX occupancy XX.X%, which lower points week the than same is last year.
just are rents a trend season. base Demand X% least May. April but leasing San Diego. the and and X.X% this have last, strong Our to up through our renewals for not does remain up And recover over are and both potential
the cutting suggests they strong were jobs our lease-ups last just will news a residence market. XX the is minimal. than points in XX Dan slightly the Renewals due this week be are Today employer lower San the our for facing over entirely occupancy largest the almost search seventh higher several also to downtown be And for portfolio market is remains quick the which year. X,XXX the basis points quarter results XX.X%, than were Our announced our would than in the also spending less same which negative XX.X% Diego was of area. of impact we is X.X%, last while occupancy military Diego area, expected, just a basis that year. but in of with quarter in Qualcomm, the up
see trending leasing and to and season. here well up sitting May towards strong continue Our today, to positioned we all our summarize we X.X% are rents demand renewals X% are base but X.X%, April at So for are is you
organization. New and to San have of and ahead, of York excitement felt face closing, remains the our the evident Their Francisco Orange is residents our expected. for thousands and season a In one experiences modestly markets shout to our a trending Renewing through rest supply the County received. of quick Seattle team. to the entire survey results, elevated remarkable results entire want tens the behind as strong readiness We goal. team's renew performing on bit number is and and in the give deliver out Their I and residents throughout equity track leasing this to ability of
of that you thank each the do day. sincere you you, every each that Thank to David? you Our work and
