Kilroy Realty Accelerates Leasing Demand and Expands Lease Agreements
KRC Kilroy Realty Corp
$36.04 +0.61%
View chart & analysis → - 1Kilroy Realty executed over 815,000 square feet of leasing in the third quarter.
- 2Management entered into a land sale agreement worth $185 million.
- 3Supply shortages in San Francisco are leading tenants to pursue early renewals, potentially securing future pricing power.
So what's the key point?
Kilroy Realty increased its contracts with people looking to rent buildings and also sold land. Because buildings are becoming scarce in San Francisco, the company may gain the ability to charge higher rents in the future.
Source The Motley Fool +1 · View original ↗
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