−Removed: As of December 31, 2021, we owned interests in 55 in-service office properties, and approximately 96% of our ALR was generated from select sub-markets located within the following major U.S.
−Removed: office markets:
−Removed: Atlanta, Dallas, Washington, D.C., Minneapolis, Boston, Orlando, and New York , with over 60% of such revenue coming from Sunbelt markets.
−Removed: As of December 31, 2021 and 2020, our in-service portfolio was approximately 86% and 87% leased, respectively, with an average lease term remaining as of each period end of approximatel y six years and an average lease size of 15,000 square feet.
+Added: As of December 31, 2022, we owned interests in 51 in-service office properties, with over two-thirds of our ALR generated from our properties located primarily in major U.S.
+Added: Sunbelt markets .
+Added: As of December 31, 2022 and 2021, our in-service portfolio was 86.7% and 85.5% leased, respectively, with an average lease term remaining as of each period end of approximatel y six years and an average lease size of 15,000 square feet.
No tenant accounts for more than 5% of our ALR.
3 unchanged sentences
If the costs of these functions are added to these leases, our average gross rent for our in-service portfolio as of December 31, 2022, increases to approximately $38.86 per leased square foot.
−Removed: Index to Financial Statements
Property Statistics
7 unchanged sentences
Dallas 105,775 3,524 19.1 82.0
−Removed: Washington, D.C.
−Removed: 67,463 1,620 12.6 80.7
+Added: Washington, D.C./Northern Virginia 67,353 1,620 12.1 79.4
Minneapolis 66,378 2,104 12.0 92.1
−Removed: Boston 61,435 1,885 11.4 92.1
Orlando 57,756 1,764 10.4 95.3
New York 47,132 1,045 8.5 86.4
+Added: Boston 41,684 1,270 7.5 90.9
19,132 614 3.4 91.2
1 unchanged sentence
(1) Includes 1430 Enclave Parkway and Enclave Place in Houston, Texas.
−Removed: and Two Pierce Place in Chicago, Illinois.
−Removed: The Two Pierce Place asset, the last remaining asset owned in the Chicago office market, was sold in January 2022.
−Removed: The following table shows lease expirations of our in-service office portfolio as of December 31, 2021 during each of the next thirteen years and thereafter, assuming no exercise of renewal options or termination rights:
+Added: Index to Financial Statements
+Added: The following table shows lease expirations of our in-service office portfolio as of December 31, 2022 during each of the next twelve years and thereafter, assuming no exercise of renewal options or termination rights:
Year of Lease Expiration Annualized
17 unchanged sentences
Certain Restrictions Related to our Properties
−Removed: As of December 31, 2021, no properties were held as collateral for debt, nor were any subject to any underlying ground leases.
+Added: As of December 31, 2022, only 1180 Peachtree Street in Atlanta, Georgia was held as collateral for debt, and there were no properties subject to underlying ground leases.
Refer to Schedule III listed in the index of Item 15(a) of this report, for further details regarding our properties as of December 31, 2022.
−Removed: Index to Financial Statements
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.