Truth be told, we're a little surprised.
As you know, we've written a rental market update for many years now. In most cases, when we compile the quarterly numbers, there's nothing surprising with the numbers.
The numbers we compile are, in fact, almost always what we expect and, to a more specific extent, what we "felt" as a company.
Meaning, the overall market for a given quarter is a direct reflection of our leasing operations. If the market is hot, our leasing is hot. If the market cooled, our leasing typically cooled, too.
But, this quarter was definitely different.