content_image/107383.jpg
## Overview—Leasing Activity 

The following table summarizes, by business segment, the leasing statistics which the Company views as key performance indicators. 

As of December 31, 2003 

<img src='content_image/107383.jpg'>

In addition to the leasing activity in the table above, in the year ended December 31, 2003, 66,000 square feet of retail space included in the New York City Office segment was leased at an initial rent of $220.97 per square foot and in the three months ended December 31, 2003, 21,000 square feet of retail space was leased at an initial rent of $278.27 per square foot. 

