Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 113

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Renewals(1)Number of leases34 39 92 109 Square feet167,851 237,151 606,131 636,182 Tenant improvement costs per square foot(2)(3)$3.19 $13.18 $13.69 $21.49 Leasing commission costs per square foot(2)6.37 6.40 8.87 10.13 Total tenant improvement and leasing commission costs(2)$9.56 $19.58 $22.56 $31.62 New leases(4)Number of leases41 46 117 128 Square feet347,599 302,121 1,097,669 951,236 Tenant improvement costs per square foot(2)(3)$85.29 $70.41 $70.95 $55.87 Leasing commission costs per square foot(2)17.12 19.72 15.15 14.47 Total tenant improvement and leasing commission costs(2)$102.41 $90.13 $86.10 $70.34 TOTALNumber of leases75 85 209 237 Square feet515,450 539,272 1,703,800 1,587,418 Tenant improvement costs per square foot(2)(3)$55.47 $44.20 $49.64 $42.32 Leasing commission costs per square foot(2)13.21 13.62 12.82 12.76 TOTAL TENANT IMPROVEMENT AND LEASING COMMISSION COSTS(2)$68.68 $57.82 $62.46 $55.08 

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1.Excludes retained tenants that have relocated or expanded into new space within our portfolio.    

2.Assumes all tenant improvement and leasing commissions are paid in the calendar year in which the lease is executed, which may be different than the year in which they were actually paid.

3.Tenant improvement costs are based on negotiated tenant improvement allowances set forth in leases, or, for any lease in which a tenant improvement allowance was not specified, the aggregate cost originally budgeted at the time the lease commenced.

4.Includes retained tenants that have relocated or expanded into new space within our portfolio.

Fin