“Demand remains very strong. And there is a real interest by all sorts of retailers and people that populate our shopping centers to be part of what we're doing it.”

In context

“uestion is from Steve Sakwa with Evercore ISI. Please proceed with your question. Steve Sakwa: Thanks. Good evening, David. I was just wondering if you could maybe talk a little bit about kind of the leasing pipeline and where things stand today versus maybe the year ago and what sort of conversations are you having with the tenants and maybe how the pricing dynamic changed there, given that you're now kind of 95% leased and pretty full in the portfolio. David Simon: Well, I mean, Steve, we're always adjusting our mix. We're always trying to - so even though we're 96% leased, we're always looking to improve our retailer mix and obviously, that's been beneficial to our NOI growth. I would say, just generically, obviously, I spend a lot of time myself on leasing and with my team on leasing. Demand remains very strong. And there is a real interest by all sorts of retailers and people that populate our shopping centers to be part of what we're doing it. So, I think as you probably saw our new deals are $74 a foot thereabouts, our renewals are $65 a foot, our expiring leases this year in the $56 - $57 range. So we're seeing generally positive spreads supply-and-demand is in our favor. Historically low supply in big properties across the country, I mean, there used to be 40 million square feet of retail real estate built every year, now there is essentially less than a few million here and there. So, and then there's been obsolescence too which makes the supply shrink as well. So - and then there's just great new retailers that we're very excited to do business with. I was on the West Coast seeing some of them. The importance of the bricks and mortar has never been higher. And the cost of all of the things that we said about, don't get me”