What are the lease terms and rent per square foot for Perspire Sauna Studio at The Hartford?

Lease details: The press release only confirms that Perspire Sauna Studio has signed a lease for 1,700 ft² of street‑level retail space at The Hartford (3101 Wilson Blvd., Arlington, VA). The announcement does not disclose the length of the lease term or the rent per square foot; those specifics were not included in the provided summary.

Trading implications:

- Fundamentals: The addition of a health‑and‑wellness tenant like Perspire, which occupies a sizable 1,700 ft², signals a diversification of the tenant mix at The Hartford and could support the property’s overall occupancy rate and net operating income (NOI). If the lease is on a typical multi‑year term (e.g., 5–10 years) at market‑or‑above‑market rent, it would bolster cash‑flow expectations for Comstock Holding Companies (CHCI) and may be positively reflected in the REIT’s earnings guidance.

- Market dynamics: Arlington’s office‑to‑retail conversion market remains tight, with limited premium‑grade retail space. A lease that locks in a health‑focused service provider can help mitigate vacancy risk and may justify a modest rent‑growth premium relative to nearby comparable properties.

- Technical outlook: Assuming the lease contributes to a stable or rising NOI, CHCI’s stock could see upside pressure, especially if the broader office‑to‑retail pipeline in the D.C. metro area continues to gain traction. Traders might look for bullish momentum on the next earnings release or for any follow‑up disclosure that reveals the rent rate and lease length, which would sharpen the valuation impact.

Bottom line: While the exact lease term and rent per square foot are not disclosed, the 1,700 ft² commitment by Perspire Sauna Studio adds a quality, revenue‑generating tenant to The Hartford, which is a positive catalyst for Comstock’s fundamentals and could support a bullish stance on CHCI pending further details.*