Highwoods Properties conference call with investors on Thursday included some bits of good news both for the Raleigh REIT and the economy as a whole.
Highwoods, the largest suburban office landlord in the Southeast, will see its business improve when more companies feel confident about expanding and hiring new workers.
Highwoods leased 1.3 million square feet of space, 75 percent of which was office, in the first quarter, compared to 851,000 square feet during the same quarter last year. That was the most amount of office Highwoods has leased since the second quarter of 2008.
"We are seeing increased leasing in many of our markets including potential build-to-suit opportunities," Highwoods CEO Ed Fritsch said.
"There appears to be some guarded optimism about the economy and we are hopeful this will lead to the beginning of meaningful job growth sometime in 2011."