Orion Office REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Orion Office REIT, Summary of Significant Accounting Policies (Policies)
- VEREIT Office Assets, Organization and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Orion Office REIT, Real Estate Investments and Related Intangibles - Intangible Lease Assets (Details)

v3.22.2.2

Orion Office REIT, Real Estate Investments and Related Intangibles - Intangible Lease Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Real Estate [Line Items]
Intangible lease assets, net	$ 223,528		$ 223,528		$ 298,107
Weighted-Average Useful Life (Years)			8 years 1 month 6 days
Below-market lease liabilities, net	15,611		$ 15,611		20,609
Below market-leases accumulated amortization	15,706		15,706		14,459
Amortization of deferred lease incentives	100		$ 100
In-place leases:
Real Estate [Line Items]
Finite-Lived Intangible Asset, Useful Life			5 years 2 months 12 days
Intangible lease assets, net	199,336		$ 199,336		272,743
Accumulated amortization	129,123		$ 129,123		65,247
Leasing commissions:
Real Estate [Line Items]
Finite-Lived Intangible Asset, Useful Life			12 years 8 months 12 days
Intangible lease assets, net	11,776		$ 11,776		10,349
Accumulated amortization	1,244		$ 1,244		456
Above-market lease assets:
Real Estate [Line Items]
Finite-Lived Intangible Asset, Useful Life			5 years 4 months 24 days
Intangible lease assets, net	11,127		$ 11,127		15,015
Accumulated amortization	10,127		$ 10,127		6,239
Deferred lease incentives
Real Estate [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years 6 months
Intangible lease assets, net	1,289		$ 1,289		$ 0
Accumulated amortization	36		36
Above‑ and below-market leases
Real Estate [Line Items]
Amortization expense	300	$ 300	900	$ 800
In-place leases, leasing commissions and other lease intangibles
Real Estate [Line Items]
Amortization expense	$ 23,700	$ 1,600	$ 73,500	$ 4,800

- Definition

Below Market Lease, Weighted Average Useful Life

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Amount of amortization of lease incentive costs incurred by the lessor for the benefit of the lessee.

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Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life.

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Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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