Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 130

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 130
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Rental revenue

Rental revenues increased due primarily to the consolidation of 100 Park Avenue ($31.4 million) at the end of the fourth quarter of 2024 and 10 East 53rd Street ($7.4 million) at the end of the first quarter of 2024 and the acquisition of 500 Park Avenue ($12.5 million) in the first quarter of 2025. 

The following table presents a summary of the commenced leasing activity for the nine months ended September 30, 2025 in our Manhattan and Suburban portfolio:

 UsableSFRentableSFNewCashRent (perrentableSF) (1)Prev.EscalatedRent (perrentableSF) (2)TI/LCperrentableSFFreeRent (inmonths)AverageLeaseTerm (inyears)Manhattan       Space available at beginning of the period2,628,302      Property out of  redevelopment392,845 Acquired vacancies11,118 Space which became available during the period (3)     •       Office919,462       •       Retail20,264       •       Storage6,066        945,792       Total space available3,978,057       Leased space commenced during the period:       •       Office(4)1,604,311 1,731,771 $79.39 $95.26 $126.86 11.2 10.7 •       Retail37,886 36,176 $101.55 $162.49 $47.59 9.6 16.4 •       Storage11,941 13,393 $46.44 $23.36 $34.08 5.9 9.4 Total leased space commenced1,654,138 1,781,340 $79.60 $96.89 $124.55 11.2 10.8 Total available space at end of period2,323,919       Early renewals      •       Office397,374 421,785 $83.48 $81.30 $39.35 4.8 6.4 •       Retail2,133 2,346 $191.76 $175.47 $—