Jamie Feldman: Okay, all right. Thanks, Rylan.
Operator: Our next question comes from Brad Heffern with RBC. Please proceed with your question.
Brad Heffern: Hey, everybody. Can you talk about some of the return to office mandates you’ve been watching like we saw with Meta in September. And has there been a noticeable impact in leasing activity on the ground from those?
Angela Kleiman: The return to office mandate that we’ve [Technical Difficulty] what I mean by that is, last year, when the tech employers announced they had to make some adjustments, they had said, three days, and then they moved back to two days, and they were still hiring remotely. This year, what we’re seeing is that the rehiring — the remote hiring has stopped and, in fact, it’s become policy. And, of course, the return to office has been gaining momentum. It’s difficult to point exactly to our financial lease rates because we’re in the middle of working through the evictions and delinquency issue, and that’s taking precedent. So there’s a lot of noise in that. Certainly we expect that that’s been a benefit, but to [Technical Difficulty] straightforward as possible at this point.
Brad Heffern: Okay, understood. And then concessions have come up a few times on the call. I’m just curious if you could walk through the individual markets and just give the average concession that you’re offering right now?
Jessica Anderson: [Technical Difficulty] offering across the portfolio with an average of one week free and [Technical Difficulty] units as they come in and adjust as needed to manage our new lease velocity. As far as by-market, we have the largest volume of concessions concentrated in pockets. Southern California is still generally just a few days outside of Los Angeles, and we’re seeing larger concessions in Los Angeles areas, the Bay Area. And then Seattle surprisingly is only a few days at this point. As, I mentioned a few minutes ago, it’s been a very stable seasonal slowdown in that market.
Brad Heffern: Okay, thank you.
Operator: Our next question comes from Adam Kramer with Morgan Stanley. Please proceed with your question.
Adam Kramer: Hey guys, thanks for the time. Just a couple of questions on kind of a couple different demand drivers you guys have touched on in the past. I think one would just be — some of kind of be in-migration to your markets, right? And that could be overseas tech workers, visas, other kind of immigration factors. Just want to maybe kind of walk through that because I know there’s a lot of focus on the outward migration. Maybe just kind of thinking about the in-migration to your markets. And then the other kind of demand driver question is just on kind of the end of the, writer strike, actor strike, if that — what potential impact that could have on your business?
Angela Kleiman: Hey, Adam. It’s Angela here. Good question on the in-migration. Those — the data on that front is not as readily available, but what we’ve been tracking is really the move-ins. And as I’ve mentioned last year, we saw a good uptick and I think part of that relates to really a recovery and since then it’s been steady. And so the in-migration data into our markets from outside of California and Washington have generally remained steady. The piece that we’re still missing actually is the international migration part of it. And I do think that, that will return and just not as immediate at this point. And as far as the hospitality industries, it’s very telling that when we look at the drivers of job growth in the third quarter, it’s mainly education and healthcare and other services. Hospitality and leisure was very muted. And we do think that that’s partly attributed to the strike. And so we do think that, that could be a potential demand catalyst as well.
