Item 2. Properties
Item 2. Properties
As of December 31, 2023, we owned the properties in the following table.
State City Number of Buildings Asset Type Total Rentable Square Feet
Alabama Birmingham 4 Warehouse / Distribution 362,916
Montgomery 1 Warehouse / Distribution 332,000
Moody 1 Warehouse / Distribution 595,346
Phenix City 1 Warehouse / Distribution 117,568
Arkansas Bryant 1 Warehouse / Distribution 300,160
Rogers 1 Warehouse / Distribution 400,000
Arizona Avondale 1 Warehouse / Distribution 186,643
Chandler 1 Light Manufacturing 104,352
Gilbert 1 Warehouse / Distribution 41,504
Mesa 1 Light Manufacturing 71,030
Tucson 1 Warehouse / Distribution 129,047
California Fresno 1 Warehouse / Distribution 232,072
Hollister 1 Warehouse / Distribution 175,325
Lodi 1 Warehouse / Distribution 400,340
McClellan 1 Warehouse / Distribution 160,534
Menifee 2 Warehouse/ Distribution 157,146
Morgan Hill 2 Light Manufacturing 107,126
Rancho Cordova 2 Warehouse / Distribution 106,718
Roseville 1 Warehouse / Distribution 114,597
Sacramento 7 Warehouse / Distribution 846,519
Sacramento 1 Light Manufacturing 130,000
San Diego 1 Warehouse / Distribution 205,440
Stockton 3 Warehouse / Distribution 263,716
West Sacramento 1 Warehouse / Distribution 236,716
Colorado Grand Junction 1 Warehouse / Distribution 82,800
Johnstown 1 Warehouse / Distribution 132,194
Longmont 1 Light Manufacturing 64,750
Loveland 2 Warehouse / Distribution 195,674
Connecticut East Windsor 2 Warehouse / Distribution 271,111
Milford 2 Warehouse / Distribution 367,700
North Haven 3 Warehouse / Distribution 824,727
Wallingford 1 Warehouse / Distribution 105,000
Delaware New Castle 1 Warehouse / Distribution 485,987
Florida Daytona Beach 1 Light Manufacturing 142,857
Fort Myers 1 Warehouse / Distribution 260,620
Jacksonville 5 Warehouse / Distribution 1,256,750
Lake Worth 2 Warehouse / Distribution 157,758
Lake Worth 1 Light Manufacturing 42,158
Lakeland 1 Warehouse / Distribution 215,280
Orlando 1 Warehouse / Distribution 155,000
Orlando 1 Light Manufacturing 215,900
Tampa 1 Warehouse / Distribution 78,560
West Palm Beach 1 Light Manufacturing 112,353
Georgia Atlanta 1 Warehouse / Distribution 175,532
Augusta 1 Warehouse / Distribution 203,726
Buford 1 Warehouse / Distribution 103,720
Calhoun 1 Warehouse / Distribution 151,200
Dallas 1 Warehouse / Distribution 92,807
Forest Park 1 Warehouse / Distribution 373,900
Lithonia 1 Warehouse / Distribution 210,858
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State City Number of Buildings Asset Type Total Rentable Square Feet
Norcross 1 Warehouse / Distribution 152,036
Savannah 1 Warehouse / Distribution 504,300
Shannon 1 Warehouse / Distribution 568,516
Smyrna 1 Warehouse / Distribution 102,000
Statham 1 Warehouse / Distribution 225,692
Stone Mountain 1 Warehouse / Distribution 78,000
Iowa Ankeny 2 Warehouse / Distribution 400,968
Council Bluffs 1 Warehouse / Distribution 90,000
Des Moines 2 Warehouse / Distribution 301,381
Marion 1 Warehouse / Distribution 95,500
Idaho Idaho Falls 1 Warehouse / Distribution 78,690
Illinois Bartlett 1 Warehouse / Distribution 207,575
Batavia 2 Warehouse / Distribution 204,642
Batavia 1 Light Manufacturing 56,676
Belvidere 6 Warehouse / Distribution 1,069,222
Cary 1 Warehouse / Distribution 79,049
Crystal Lake 4 Warehouse / Distribution 506,096
Elgin 2 Warehouse / Distribution 383,856
Elgin 1 Light Manufacturing 41,007
Elmhurst 1 Warehouse / Distribution 72,499
Gurnee 1 Warehouse / Distribution 338,740
Harvard 1 Light Manufacturing 126,304
Hodgkins 2 Warehouse / Distribution 518,109
Itasca 3 Warehouse / Distribution 311,355
Lisle 1 Light Manufacturing 105,925
Machesney Park 1 Warehouse / Distribution 80,000
McHenry 2 Warehouse / Distribution 169,311
Montgomery 1 Warehouse / Distribution 584,301
Saint Charles 1 Light Manufacturing 102,000
Sauk Village 1 Warehouse / Distribution 375,785
Schaumburg 1 Warehouse / Distribution 67,817
St. Charles 1 Light Manufacturing 115,491
Vernon Hills 1 Warehouse / Distribution 95,486
Waukegan 1 Warehouse / Distribution 131,252
West Chicago 2 Warehouse / Distribution 649,558
West Chicago 5 Light Manufacturing 305,874
West Dundee 1 Warehouse / Distribution 154,475
Wood Dale 1 Light Manufacturing 137,607
Indiana Albion 1 Light Manufacturing 37,578
Elkhart 2 Warehouse / Distribution 170,100
Fort Wayne 1 Warehouse / Distribution 108,800
Goshen 1 Warehouse / Distribution 366,000
Greenwood 1 Warehouse / Distribution 154,440
Indianapolis 1 Warehouse / Distribution 78,600
Jeffersonville 1 Warehouse / Distribution 563,032
Lafayette 3 Warehouse / Distribution 466,400
Lebanon 3 Warehouse / Distribution 2,230,323
Marion 1 Warehouse / Distribution 249,920
Portage 2 Warehouse / Distribution 786,249
South Bend 1 Warehouse / Distribution 225,000
Whitestown 1 Warehouse / Distribution 258,000
Yoder 1 Warehouse / Distribution 764,177
Kansas Edwardsville 1 Warehouse / Distribution 270,869
Lenexa 3 Warehouse / Distribution 581,059
Olathe 2 Warehouse / Distribution 725,839
Wichita 3 Warehouse / Distribution 248,550
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State City Number of Buildings Asset Type Total Rentable Square Feet
Kentucky Bardstown 1 Warehouse / Distribution 102,318
Danville 1 Warehouse / Distribution 757,047
Erlanger 1 Warehouse / Distribution 108,620
Florence 2 Warehouse / Distribution 641,136
Hebron 1 Warehouse / Distribution 109,000
Louisiana Baton Rouge 3 Warehouse / Distribution 532,036
Shreveport 1 Warehouse / Distribution 420,259
Massachusetts Chicopee 1 Warehouse / Distribution 217,000
Hudson 1 Light Manufacturing 128,000
Malden 2 Light Manufacturing 109,943
Middleborough 1 Light Manufacturing 80,100
Norton 1 Warehouse / Distribution 200,000
South Easton 1 Light Manufacturing 86,000
Sterling 1 Warehouse / Distribution 119,056
Stoughton 2 Warehouse / Distribution 258,213
Westborough 1 Warehouse / Distribution 121,700
Maryland Elkridge 1 Warehouse / Distribution 167,223
Hagerstown 3 Warehouse / Distribution 1,424,620
Hampstead 1 Warehouse / Distribution 1,035,249
Hunt Valley 1 Warehouse / Distribution 46,867
White Marsh 1 Warehouse / Distribution 103,564
Maine Biddeford 2 Warehouse / Distribution 265,126
Gardiner 1 Warehouse / Distribution 265,000
Lewiston 1 Flex Office 60,000
Portland 1 Warehouse / Distribution 100,600
Michigan Belleville 1 Light Manufacturing 160,464
Canton 1 Warehouse / Distribution 491,049
Chesterfield 4 Warehouse / Distribution 478,803
Grand Rapids 4 Warehouse / Distribution 656,262
Holland 1 Warehouse / Distribution 195,000
Kentwood 2 Warehouse / Distribution 370,020
Kentwood 1 Light Manufacturing 85,157
Lansing 4 Warehouse / Distribution 770,425
Livonia 2 Warehouse / Distribution 285,306
Marshall 1 Light Manufacturing 57,025
Novi 3 Warehouse / Distribution 685,010
Plymouth 1 Warehouse / Distribution 125,214
Redford 1 Warehouse / Distribution 138,912
Romulus 1 Warehouse / Distribution 303,760
Romulus 1 Light Manufacturing 274,500
Sterling Heights 1 Warehouse / Distribution 108,000
Walker 1 Warehouse / Distribution 210,000
Warren 4 Warehouse / Distribution 981,540
Wixom 1 Warehouse / Distribution 126,720
Zeeland 1 Warehouse / Distribution 230,200
Minnesota Blaine 1 Warehouse / Distribution 248,816
Bloomington 1 Light Manufacturing 145,351
Brooklyn Park 1 Warehouse / Distribution 200,720
Carlos 1 Light Manufacturing 196,270
Eagan 1 Warehouse / Distribution 276,550
Inver Grove Heigh 1 Warehouse / Distribution 80,655
Maple Grove 2 Warehouse / Distribution 207,875
Mendota Heights 1 Warehouse / Distribution 87,183
New Hope 1 Light Manufacturing 107,348
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State City Number of Buildings Asset Type Total Rentable Square Feet
Newport 1 Warehouse / Distribution 83,000
Oakdale 2 Warehouse / Distribution 210,044
Plymouth 3 Warehouse / Distribution 357,085
Savage 1 Warehouse / Distribution 244,050
Shakopee 1 Warehouse / Distribution 160,000
Shakopee 1 Light Manufacturing 136,589
South Saint Paul 1 Warehouse / Distribution 422,727
St. Paul 1 Warehouse / Distribution 316,636
Missouri Berkeley 1 Warehouse / Distribution 121,223
Earth City 1 Warehouse / Distribution 116,783
Fenton 1 Warehouse / Distribution 127,464
Hazelwood 1 Warehouse / Distribution 305,550
Kansas City 1 Warehouse / Distribution 702,000
O’Fallon 2 Warehouse / Distribution 186,854
Mississippi Southaven 1 Warehouse / Distribution 556,600
North Carolina Catawba 1 Warehouse / Distribution 137,785
Charlotte 3 Warehouse / Distribution 243,880
Durham 1 Warehouse / Distribution 80,600
Garner 1 Warehouse / Distribution 150,000
Greensboro 2 Warehouse / Distribution 261,909
Huntersville 1 Warehouse / Distribution 185,570
Lexington 1 Warehouse / Distribution 201,800
Mebane 2 Warehouse / Distribution 606,840
Mebane 1 Light Manufacturing 202,691
Mocksville 1 Warehouse / Distribution 129,600
Mooresville 2 Warehouse / Distribution 799,200
Mountain Home 1 Warehouse / Distribution 146,014
Newton 1 Warehouse / Distribution 217,200
Pineville 1 Light Manufacturing 75,400
Rural Hall 1 Warehouse / Distribution 250,000
Salisbury 1 Warehouse / Distribution 288,000
Smithfield 1 Warehouse / Distribution 307,845
Troutman 1 Warehouse / Distribution 301,000
Winston-Salem 1 Warehouse / Distribution 385,000
Youngsville 1 Warehouse / Distribution 365,000
Nebraska Bellevue 1 Warehouse / Distribution 370,000
La Vista 1 Warehouse / Distribution 178,368
Omaha 5 Warehouse / Distribution 464,558
New Hampshire Londonderry 1 Warehouse / Distribution 125,060
Nashua 1 Warehouse / Distribution 337,391
New Jersey Branchburg 1 Warehouse / Distribution 113,973
Burlington 2 Warehouse / Distribution 756,990
Franklin Township 1 Warehouse / Distribution 183,000
Lumberton 1 Light Manufacturing 120,000
Moorestown 2 Warehouse / Distribution 187,569
Mt. Laurel 1 Warehouse / Distribution 112,294
Pedricktown 1 Warehouse / Distribution 247,220
Piscataway 1 Warehouse / Distribution 101,381
Swedesboro 1 Warehouse / Distribution 123,962
Westampton 1 Warehouse / Distribution 189,434
New Mexico Santa Teresa 1 Warehouse / Distribution 92,325
Nevada Fernley 1 Light Manufacturing 183,435
Las Vegas 1 Warehouse / Distribution 34,916
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State City Number of Buildings Asset Type Total Rentable Square Feet
Las Vegas 1 Light Manufacturing 122,472
Paradise 2 Light Manufacturing 80,422
Reno 1 Light Manufacturing 87,264
Sparks 2 Warehouse / Distribution 326,986
New York Buffalo 1 Warehouse / Distribution 117,000
Cheektowaga 1 Warehouse / Distribution 121,760
Farmington 1 Warehouse / Distribution 149,657
Gloversville 3 Warehouse / Distribution 211,554
Johnstown 2 Warehouse / Distribution 117,102
Johnstown 1 Light Manufacturing 42,325
Rochester 2 Warehouse / Distribution 252,860
Ronkonkoma 1 Warehouse / Distribution 64,224
Ohio Bedford Heights 1 Warehouse / Distribution 173,034
Boardman 1 Warehouse / Distribution 176,930
Canal Winchester 2 Warehouse / Distribution 814,265
Columbus 4 Warehouse / Distribution 1,486,450
Dayton 1 Warehouse / Distribution 205,761
Etna 1 Warehouse / Distribution 1,232,149
Fairborn 1 Warehouse / Distribution 259,369
Fairfield 2 Warehouse / Distribution 364,948
Gahanna 1 Warehouse / Distribution 383,000
Groveport 1 Warehouse / Distribution 320,657
Hilliard 1 Warehouse / Distribution 237,500
Macedonia 2 Warehouse / Distribution 338,297
Maple Heights 1 Warehouse / Distribution 170,000
Mason 1 Light Manufacturing 116,200
North Jackson 2 Warehouse / Distribution 518,758
Oakwood Village 1 Warehouse / Distribution 75,000
Salem 1 Light Manufacturing 271,000
Seville 1 Warehouse / Distribution 75,000
Streetsboro 1 Warehouse / Distribution 343,416
Strongsville 2 Warehouse / Distribution 341,561
Toledo 1 Warehouse / Distribution 177,500
Twinsburg 2 Warehouse / Distribution 426,974
West Chester 1 Warehouse / Distribution 269,868
West Jefferson 1 Warehouse / Distribution 857,390
Oklahoma Oklahoma City 2 Warehouse / Distribution 303,740
Tulsa 2 Warehouse / Distribution 309,600
Oregon Beaverton 2 Warehouse / Distribution 121,426
Salem 2 Light Manufacturing 155,900
Wilsonville 1 Warehouse / Distribution 78,000
Pennsylvania Allentown 4 Warehouse / Distribution 514,134
Burgettstown 1 Warehouse / Distribution 455,000
Charleroi 1 Warehouse / Distribution 119,161
Clinton 7 Warehouse / Distribution 1,531,972
Croydon 1 Warehouse / Distribution 101,869
Elizabethtown 1 Warehouse / Distribution 206,236
Export 1 Warehouse / Distribution 138,270
Hazleton 1 Warehouse / Distribution 589,580
Imperial 1 Warehouse / Distribution 315,634
Kulpsville 1 Warehouse / Distribution 152,625
Lancaster 1 Warehouse / Distribution 240,528
Langhorne 2 Warehouse / Distribution 180,000
Langhorne 2 Light Manufacturing 287,647
Lebanon 1 Warehouse / Distribution 211,358
Mechanicsburg 3 Warehouse / Distribution 747,054
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State City Number of Buildings Asset Type Total Rentable Square Feet
Muhlenberg Township 1 Warehouse / Distribution 392,107
New Galilee 1 Warehouse / Distribution 410,389
New Kensington 1 Warehouse / Distribution 200,500
New Kingstown 1 Warehouse / Distribution 330,000
O’Hara Township 1 Warehouse / Distribution 887,084
Pittston 1 Warehouse / Distribution 437,446
Reading 1 Warehouse / Distribution 248,000
Warrendale 1 Warehouse / Distribution 179,394
York 5 Warehouse / Distribution 1,306,834
South Carolina Columbia 1 Light Manufacturing 185,600
Duncan 3 Warehouse / Distribution 996,841
Edgefield 1 Light Manufacturing 126,190
Fountain Inn 2 Warehouse / Distribution 442,472
Fountain Inn 1 Light Manufacturing 203,888
Gaffney 1 Warehouse / Distribution 226,968
Goose Creek 1 Warehouse / Distribution 500,355
Greenwood 2 Light Manufacturing 175,055
Greer 6 Warehouse / Distribution 654,935
Laurens 1 Warehouse / Distribution 125,000
Piedmont 7 Warehouse / Distribution 1,387,556
Rock Hill 3 Warehouse / Distribution 720,120
Simpsonville 3 Warehouse / Distribution 1,138,494
Spartanburg 9 Warehouse / Distribution 1,802,623
Summerville 1 Warehouse / Distribution 88,583
Wellford 1 Warehouse / Distribution 233,433
West Columbia 6 Warehouse / Distribution 1,163,822
West Columbia 1 Light Manufacturing 464,206
Tennessee Chattanooga 3 Warehouse / Distribution 646,200
Cleveland 1 Warehouse / Distribution 151,704
Clinton 1 Warehouse / Distribution 166,000
Jackson 1 Warehouse / Distribution 267,391
Knoxville 2 Warehouse / Distribution 335,310
Knoxville 1 Light Manufacturing 106,000
Lebanon 2 Warehouse / Distribution 407,552
Loudon 1 Warehouse / Distribution 104,074
Madison 1 Warehouse / Distribution 418,406
Mascot 1 Warehouse / Distribution 130,560
Mascot 1 Light Manufacturing 190,560
Memphis 2 Warehouse / Distribution 1,331,075
Murfreesboro 2 Warehouse / Distribution 212,312
Nashville 1 Warehouse / Distribution 154,485
Vonore 1 Warehouse / Distribution 342,700
Texas Arlington 2 Warehouse / Distribution 290,324
Cedar Hill 1 Warehouse / Distribution 420,000
Conroe 1 Warehouse / Distribution 252,662
El Paso 12 Warehouse / Distribution 2,413,344
Garland 1 Light Manufacturing 253,900
Grapevine 2 Warehouse / Distribution 202,140
Houston 8 Warehouse / Distribution 999,124
Houston 2 Light Manufacturing 412,935
Humble 1 Warehouse / Distribution 289,200
Irving 1 Warehouse / Distribution 120,900
Katy 2 Warehouse / Distribution 244,903
Laredo 2 Warehouse / Distribution 462,658
McAllen 1 Warehouse / Distribution 301,200
Mission 1 Warehouse / Distribution 270,084
Rockwall 1 Warehouse / Distribution 389,546
Stafford 1 Warehouse / Distribution 68,300
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State City Number of Buildings Asset Type Total Rentable Square Feet
Waco 1 Warehouse / Distribution 66,400
Utah Provo 1 Warehouse / Distribution 177,071
Virginia Chester 1 Warehouse / Distribution 100,000
Fredericksburg 1 Warehouse / Distribution 140,555
Harrisonburg 1 Warehouse / Distribution 357,673
Independence 1 Warehouse / Distribution 120,000
N. Chesterfield 1 Warehouse / Distribution 109,520
Norfolk 1 Warehouse / Distribution 102,512
Richmond 1 Light Manufacturing 78,128
Washington Ridgefield 1 Warehouse / Distribution 141,400
Wisconsin Appleton 1 Warehouse / Distribution 152,000
Caledonia 1 Light Manufacturing 53,680
Cudahy 1 Warehouse / Distribution 128,000
De Pere 1 Warehouse / Distribution 200,000
DeForest 1 Warehouse / Distribution 262,521
Delavan 2 Light Manufacturing 146,400
East Troy 1 Warehouse / Distribution 149,624
Elkhorn 1 Warehouse / Distribution 111,000
Elkhorn 1 Light Manufacturing 78,540
Franklin 1 Warehouse / Distribution 156,482
Germantown 4 Warehouse / Distribution 520,163
Hartland 1 Warehouse / Distribution 121,050
Hudson 1 Warehouse / Distribution 139,875
Janesville 1 Warehouse / Distribution 700,000
Kenosha 1 Light Manufacturing 175,052
Madison 2 Warehouse / Distribution 283,000
Mayville 1 Light Manufacturing 339,179
Mukwonago 1 Warehouse / Distribution 157,438
Muskego 1 Warehouse / Distribution 81,230
New Berlin 3 Warehouse / Distribution 590,663
Oak Creek 2 Warehouse / Distribution 232,144
Pewaukee 2 Warehouse / Distribution 288,201
Pleasant Prairie 1 Warehouse / Distribution 291,599
Pleasant Prairie 1 Light Manufacturing 105,637
Sun Prairie 1 Warehouse / Distribution 427,000
West Allis 4 Warehouse / Distribution 243,478
Yorkville 1 Warehouse / Distribution 98,151
Total 569 112,271,592
Not reflected in the table above are six buildings under development.
As of December 31, 2023, one of our 569 buildings was encumbered by mortgage indebtedness totaling approximately $4.5 million (excluding unamortized deferred financing fees, debt issuance costs, and fair market value premiums or discounts). See Note 4 in the accompanying Notes to the Consolidated Financial Statements and the accompanying Schedule III for additional information.
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Top Markets
The following table summarizes information about the 20 largest markets in our portfolio based on total annualized base rental revenue as of December 31, 2023.
Top 20 Markets (1)
% of Total Annualized Base Rental Revenue
Chicago, IL 6.9 %
Greenville, SC 5.4 %
Pittsburgh, PA 4.1 %
Detroit, MI 4.1 %
Columbus, OH 3.7 %
Minneapolis, MN 3.6 %
South Central, PA 3.3 %
Philadelphia, PA 3.2 %
Houston, TX 2.6 %
El Paso, TX 2.4 %
Milwaukee, WI 2.2 %
Charlotte, NC 2.1 %
Indianapolis, IN 2.1 %
Sacramento, CA 1.9 %
Cleveland, OH 1.8 %
Boston, MA 1.7 %
Kansas City, MO 1.7 %
Columbia, SC 1.5 %
Grand Rapids, MI 1.5 %
Cincinnati, OH 1.3 %
Total 57.1 %
(1) Market classification based on CBRE-EA industrial market geographies.
Top Industries
The following table summarizes information about the 20 largest tenant industries in our portfolio based on total annualized base rental revenue as of December 31, 2023.
Top 20 Tenant Industries (1)
% of Total
Annualized Base Rental Revenue
Air Freight & Logistics 11.0 %
Containers & Packaging 8.1 %
Automobile Components 7.1 %
Machinery 6.0 %
Commercial Services & Supplies 5.8 %
Trading Companies & Distribution (Industrial Goods) 5.4 %
Distributors (Consumer Goods) 4.5 %
Building Products 4.2 %
Consumer Staples Distribution 3.7 %
Broadline Retail 3.7 %
Household Durables 3.6 %
Media 3.1 %
Specialty Retail 2.8 %
Ground Transportation 2.6 %
Beverages 2.4 %
Food Products 2.2 %
Electronic Equip, Instruments 2.1 %
Health Care Equipment & Supplies 2.0 %
Chemicals 2.0 %
Textiles, Apparel, Luxury Goods 1.5 %
Total 83.8 %
(1) Industry classification based on Global Industry Classification Standard methodology.
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Top Tenants
The following table summarizes information about the 20 largest tenants in our portfolio based on total annualized base rental revenue as of December 31, 2023.
Top 20 Tenants (1)
Number of
Leases % of Total
Annualized Base
Rental Revenue
Amazon 6 2.9 %
Soho Studio, LLC 1 0.9 %
American Tire Distributors, Inc. 7 0.9 %
Eastern Metal Supply, Inc. 5 0.9 %
Tempur Sealy International, Inc. 2 0.8 %
Hachette Book Group, Inc. 1 0.8 %
Kenco Logistic Services, LLC 3 0.7 %
Yanfeng US Automotive Interior 2 0.7 %
WestRock Company 7 0.7 %
Penguin Random House, LLC 1 0.7 %
FedEx Corporation 3 0.7 %
Lippert Component Manufacturing 4 0.7 %
DS Smith North America 2 0.7 %
GXO Logistics, Inc. 2 0.7 %
AFL Telecommunications LLC 2 0.6 %
DHL Supply Chain 4 0.6 %
Carolina Beverage Group 3 0.6 %
Iron Mountain Information Management 5 0.6 %
Packaging Corp of America 5 0.6 %
Berlin Packaging LLC 4 0.6 %
Total 69 16.4 %
(1) Includes tenants, guarantors, and/or non-guarantor parents.
Scheduled Lease Expirations
As of December 31, 2023, our Weighted Average Lease Term was approximately 4.5 years. The following table summarizes lease expirations for leases in place as of December 31, 2023, plus available space, for each of the ten calendar years beginning with 2024 and thereafter in our portfolio.
Lease Expiration Year Number of
Leases
Expiring Total Rentable
Square Feet (2)
% of Total
Occupied
Square Feet Total Annualized
Base Rental Revenue
(in thousands) % of Total Annualized
Base Rental Revenue
Available — 2,062,300 — $ — —
Month-to-month leases (1)
1 141,869 0.1 % 1,116 0.2 %
2024 62 8,256,998 7.5 % 44,397 7.6 %
2025 104 13,442,258 12.2 % 65,556 11.3 %
2026 139 19,727,593 17.9 % 104,264 18.0 %
2027 116 16,263,260 14.8 % 84,401 14.5 %
2028 93 11,847,861 10.8 % 63,905 11.0 %
2029 79 12,912,794 11.7 % 63,280 10.9 %
2030 38 6,038,157 5.5 % 37,409 6.4 %
2031 43 7,529,932 6.8 % 37,499 6.5 %
2032 19 2,800,575 2.5 % 19,507 3.4 %
2033 14 2,327,202 2.1 % 13,416 2.3 %
Thereafter 31 8,920,793 8.1 % 45,628 7.9 %
Total/weighted average 739 112,271,592 100.0 % $ 580,378 100.0 %
(1) The month-to-month total rentable square footage includes a 40,000 square foot secondary short-term lease occupied by another tenant, whose lease count is included in their original long-term suite.
(2) Leases previously scheduled to expire in 2024, totaling approximately 7.0 million square feet, have been amended to extend their lease expiration date as of December 31, 2023. These leases amended are excluded from 2024 expirations and are reflected in the new year of expiration.
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