Highwoods Properties (HIW) Provides Leasing Update

Highwoods Properties, Inc. (NYSE: HIW) announced it has signed 738,000 square feet of second generation leases since July 1, 2024, including over 400,000 square feet of new leases.

Included in the quarterly activity is a long-term lease for 104,000 square feet at Two Alliance Center in Atlanta’s Buckhead BBD with a new customer for Highwoods. The lease, which is expected to commence in 2026, will backfill a significant portion of a customer who vacated the building in the third quarter of 2024.

Ted Klinck, President and Chief Executive Officer, stated, “Leasing activity continues to be robust across our portfolio as office users are gravitating towards the highest quality buildings with the best capitalized landlords. This volume of work will largely benefit the Company starting in mid-2025 and thereafter. Thus far in 2024, we’ve signed 37% more new deals than all of 2023, and we remain encouraged by the momentum in our leasing pipeline.”

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