Renewal leasing spreads were also positive, up 3% over the prior rents. Short-term deals of three years or less also significantly declined during the quarter to 38% compared with 55% for the first quarter and 60% for the fourth quarter.In total, we signed approximately 1.7 million square feet of leases during the second quarter, a 36% increase over the prior year period. This included approximately 700,000 square feet of new leases and 1 million square feet of renewal leases.
CBL & Associates Properties' CEO Discusses Q2 2011 Results - Earnings Call Transcript
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