In the quarter 82 deals done; 74 of them for our existing comparable space at average first year new rents of $32.81 a foot compared with $29.80 a foot for the last year the previous lease, 10% increase. Two thirds of those deals were renewals and a 9% increase and one third were new tenants at a 12% increase. We saw that relative leasing strength in all three of our major geographic regions. We saw it in the North East, the Mid Atlantic and California, and we saw it among both shopping centers and mixed use properties.
Federal Realty Investment Trust's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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