Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from Christine Brown of Deutsche Bank.
Christine Brown – Deutsche Bank
Good afternoon guys. I just wanted to ask about margins. You'd mentioned they were 22% in the quarter and that your expectations were higher, and I just wanted to ask why that was and what they are exactly for the year.
Johannson Yap
Sure, Christine, hi, this is Jojo. Our expectations in the year are approximately 16%. They actually are not higher than the 22%, but the 22% – we are pleased with the 22% for the quarter, but the expectations for 2008 is approximately 16%.
Christine Brown – Deutsche Bank
Okay.
Mike Havala
We thought that was a little bit higher than prior guidance. That's what I meant by my comment.
Christine Brown – Deutsche Bank
Okay, got you. And then I just wanted to talk about your leasing strategy. How early are you looking to renew with tenants and are you having any – is it difficult with them sort of delaying decisions?
Rick Czerwinski
Sure. This is Rick Czerwinski. As a rule, we're approaching tenants at a minimum of 10 to 12 months in advance of their expiration and as you can anticipate regarding the current economy that there is some hesitation, but the hesitation really that we've seen so far has been minimal. The tenants are pretty much by and large renewing at the same pace as they were in 2007 and 2006. But, we are seeing some hesitation.
Christine Brown – Deutsche Bank
Okay, thank you.
Operator
Your next question is from the line of Paul Adornato of BMO Capital Markets.
Paul Adornato – BMO Capital Markets
Hi, good morning. Thanks, we do appreciate the detail on G&A. Was wondering if you could give us your projections on G&A growth in each of the three categories.
Mike Havala
Paul, this is Mike. With respect to where we see that through the full year 2008, while we have not given you specific guidance on that in 2008, we would expect that the ratio or the relativity of the G&A in each of the three categories will remain pretty much the same. Again, it might bounce around a little bit from quarter to quarter but on a relative basis, we expect it to remain pretty much the same for the year.
Paul Adornato – BMO Capital Markets
Okay. And looking at your non-U.S. activities, now that you've had a couple of months to get your feet wet was wondering if you like what you are seeing so far in non-U.S. activities, is there more vibrancy in non-U.S. markets at this time and what do you think we should expect in terms of non-U.S. activity in '09 and beyond?
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