Kilroy Realty got a leasing boost in the third quarter from San Francisco’s rapidly rebounding real estate market, but it still has a large wave of impending vacancies.
The Los Angeles-based REIT signed approximately 552K SF of leases in Q3, with 315K SF of those leases renewals. That total is Kilroy’s highest-ever third-quarter performance. 
Kilroy also reported that of the 1.9M SF of leases it had previously reported as expiring in 2026, it had signed renewals for all but 970K SF, giving the company a 40% retention rate. 
However, most, if not all, of those remaining 970K SF are expected to move out, CEO Angela Aman…