Kilroy Realty Signs Leases Totaling 190,000 Square Feet During the Second Quarter

Jun 06, 2022

Kilroy Realty Corporation (NYSE: KRC, "Kilroy") today announced it signed new or renewing leases on approximately 190,000 square feet in its stabilized portfolio to date during the second quarter. The leasing activity was spread across several of its West Coast markets, including San Diego, Los Angeles, Seattle and the San Francisco Bay Area. Average rents in the recently executed leases were up approximately 22% on a cash basis and 39% on a GAAP basis over the prior leases. The average term of the agreements was 7.5 years and approximately 90% were new leases. In 2022, KRC has signed new or renewing leases on over 375,000 square feet in its stabilized portfolio. The portfolio is currently 93% leased.

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