We’re starting to see deal activity just as Brent has mentioned a minute ago. So it certainly is picking up. That being said, most of our rates that continues to be in Atlanta and Dallas, where we have the bulk of our activity. And it’s been a story that we’ve seen from quarter-to-quarter I will tell you though, we do have some expirations happening in 2024 in Orlando, but we’re really excited about some of the backfill opportunities that we’re seeing there. Heading up to Boston, again, we’re fairly stabilized up in that marketplace, the largest block of space that we have up there is our 25 mall road, which want more recently for a building in its size. It has been re-imagined and renovated. It’s been well received in the marketplace. So while I would say the large users are not really active in that marketplace.
We’re seeing a fair amount of velocity from small users and we’re excited and making some announcements there over the next few weeks
Brent Smith: I could pick up from there and continue on to New York? Or are we seeing actually, the 60 broad or vacancy sits at the top of the building. It’s a 12,000 square foot floor plate. Again, we’ve got a lobby that’s going to be completely remodeled and completed in about two months or so. So we’re already showing off the new finishes, the new stones in place looks fabulous. But as we’ve talked about that small, the inside tenant, that floor plate perfectly, and we’re seeing good leasing traction. As I noted last quarter, we actually took a tenant out of 55 broad. It’s going to convert to resi and put them in our building, and we continue to see good philosophy there. TC is probably the district are most challenged market by far, as George noted, and I would think that’s going to continue just given the vast amount of space.
I think that why we continue to be, I think, more optimistic on our philosophy in Minneapolis is because there’s a large — one of the largest landlords there. We’re well equipped from a capital standpoint and we really can bring a fresh different appearance, hospitality focus, and you’ve heard us talk about tenant engagement, and we’re really light years ahead of most other office operators in that market, so we really can compete effectively TC is a little bit more of a difficult market to compete in. There’s a lot of product, tougher to differentiate. And so we do think it’s probably our most challenged market. I’ll pause there. Any other follow-ups?
Nicholas Thillman: Yes. Yes, that’s helpful. Brent, maybe just like an overall strategy going forward or maybe longer term, because it seems like investment sales market is a little locked up here. But it seems like Houston is an exit. I mean, what percentage of the portfolio do you view as core on a longer-term basis? Maybe if you look five, seven years out, like would be a long-term hold there. Are you viewing like Minneapolis, New York or Boston is core to Piedmont strategy going forward? Or do you think those would be eventually ones that you would look like to exit over time?
Brent Smith: Great question, Nick. I think we’re always trying to improve the portfolio incrementally. That’s what we’ve historically done, selling, call it, $300 million to $500 million a year on average. Obviously, the disruption in particularly the debt capital markets has made the transactional activity more challenging. But I think as we look further out, the strategy that we’ve continued to have to focus on the Sunbelt likely lend itself, as we’ve also talked about some sort of disposition at some point for our New York building, which would be great proceeds to redeploy. And as I’ve also talked about on prior calls, given some of the good leasing activity we’ve seen at the buildings that are more occupied in Minneapolis, if we were to get a little bit more leasing success there.
