Columbia Property Trust Continues Robust Leasing Pace and Rent Rollups in San Francisco Office Portfolio
Columbia Property Trust, Inc. (CXP)
Last columbia property trust, inc. earnings: 4/30 04:07 pm
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Source: Business Wire
Enhanced tenant service and amenities help Columbia maintain strong demand in its second largest portfolio market, to keep its vibrant Bay Area portfolio near fully leased NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. announced today that it has completed more than 170,000 square feet of leasing transactions year-to-date within its four-building office portfolio in San Francisco and Silicon Valley. Buoyed by a mixture of tenant renewals and new leases, this activity represents a substantial increase in leasing velocity compared to the same period in 2018, and was accompanied by average rent rollups of 51 percent. The company’s 2-million-square-foot Bay Area portfolio, which accounts for close to a third of Columbia’s real estate assets nationally, is 97 percent leased.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191029006091/en/Columbia Property Trust has used enhanced tenant service and upscaled amenities
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