Office REIT Kilroy Realty Benefitting from Seattle, San Francisco Leasing Strength
John Kilroy, chairman, president and CEO of Kilroy Realty Corp.(NYSE: KRC), joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.
Kilroy commented on the company’s recent leasing activity. He noted that Seattle and San Francisco are both in line for record leasing, “and that’s on top of five or six very strong years.”
The company recently signed a leasing agreement with Adobe in San Francisco, and is on the verge of several other major transactions, according to Kilroy.
“All of our markets are good and improving, but some are just absolutely beyond belief — that would be Seattle and San Francisco,” Kilroy said.
San Diego has probably been the laggard on the office side, although there has been positive absorption for almost every one of the last 20 quarters, Kilroy noted.
Published at Fri, 07 Jul 2017 16:54:08 +0000