Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions) Our first question comes from the line of Chris Lucas with Robert W. Baird; please go ahead sir.
Chris Lucas – Robert W. Baird
Good morning guys.
Doug Donatelli
Good morning Chris.
Chris Lucas – Robert W. Baird
Skip, can you just kind of walk through the markets in terms of where you are seeing decent activity and where it’s slower?
Skip Dawson
I mean a snapshot of what we saw in the fourth quarter numbers to be as far as new leasing and then kind of give you an idea of what we’re seeing across all markets as far as total activity in the first quarter.
Of course I believe we’re some 100,000 square feet in Northern Virginia market in the fourth quarter, a lot of the big deals that were generated in that region for us and the same, in Richmond Southern markets we were able to generate another 100,000 square feet down in that area. A little slower earlier in the fourth quarter and we’re seeing that again in the first.
As far as the other two territories in Northern Virginia is also kind of quite and we’re seeing some little bit of traffic in Southern, but comparable to last year I mean its no surprise. People are really taking a look at what’s going on and comment or not, there is not that much true activity throughout all regions.
Chris Lucas – Robert W. Baird
Okay and then I guess, you talked a little bit about the government spending. What’s your sense of timing on that, and those particular areas i.e. funding at the NIH or defense, whatever it is. Can you give us some sense as to where you might see incremental improvement based on improved or increased federal spending?
Doug Donatelli
It’s a little earlier to tell specifically Chris and I know that they’re probably going to try to push spending through as rapidly as possible, but even that takes some time. So the package is going to pass through in a week or so. So it’s hard to know precisely what the impacts going to be, but we’re in touch with a lot of tenets and other people who are operating in the region. I think there’s a lot of optimism about spending impacting our region pretty rapidly. So, we’ll see how that shapes out.
Chris Lucas – Robert W. Baird
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