Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 185

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 185
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 87,376,858 Greater than 100,000163,580,187 210,423,220 122,506,133 153,772,160 Building Management Use59290,214 — 59262,230 — Signed Leases Not Commenced2184,153 3,441,685 2171,349 3,126,853 Total88910,949,736 $602,291,145 8898,829,114 $508,014,827 

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1.Annualized base rent is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)), including uncommenced leases, as of December 31, 2024 (ii) by 12. Annualized base rent does not reflect tenant reimbursements. 

33

Office Lease Expirations

The following table summarizes the lease expirations for in-place office leases as of December 31, 2024, including vacancies. Unless otherwise stated in the footnotes, the information set forth in the table assumes that tenants did not exercise any renewal options. 

HPP’s ShareYear of Lease Expiration# of Leases Expiring(1)Square Feet Expiring Square Footage of Expiring Lease% of Office Portfolio Square FeetAnnualized Base Rent(2)% of Office Portfolio Annualized Base RentAnnualized Base Rent Per Leased Square Foot(2)Annualized Base Rent at ExpirationAnnualized Base Rent Per Lease Square Foot at Expiration(3)Vacant3,680,019 3,548,244 28.7 %Q4-202427 397,468 343,642 2.8 14,482,100 2.9 42.14 14,482,097 42.14 Total 202427 397,468 343,642 2.8 14,482,100 2.9 42.14 14,482,097 42.14 2025169 1,759,377 1,516,950 12.2 89,366,696 17.5 58.91 89,721,921 59.15 2026134 808,117 751,826 6.1 46,531,275 9.2 61.89 48,067,093 63.93 202714