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Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net
The following summarizes the Company’s deferred leasing costs and intangibles as of:
September 30, 2024December 31, 2023
Deferred leasing costs and in-place lease intangibles$245,805 $290,969 
Accumulated amortization(115,263)(150,457)
Deferred leasing costs and in-place lease intangibles, net130,542 140,512 
Lease incentives23,209 — 
Accumulated amortization(606)— 
Lease incentives, net22,603 — 
Below-market ground leases74,930 77,943 
Accumulated amortization(20,985)(20,733)
Below-market ground leases, net53,945 57,210 
Above-market leases636 673 
Accumulated amortization(412)(376)
Above-market leases, net224 297 
Customer relationships97,900 97,900 
Accumulated amortization(36,875)(26,363)
Customer relationships, net61,025 71,537 
Non-competition agreements8,200 8,200 
Accumulated amortization(4,514)(3,279)
Non-competition agreements, net3,686 4,921 
Trade name37,200 37,200 
Parking easement15,273 15,273 
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET$324,498 $326,950 
Below-market leases$41,557 $58,833 
Accumulated amortization(18,678)(31,785)
Below-market leases, net22,879 27,048 
Above-market ground leases1,095 1,095 
Accumulated amortization(424)(392)
Above-market ground leases, net671 703 
INTANGIBLE LIABILITIES, NET$23,550 $27,751 

The Company recognized the following amortization related to deferred leasing costs and intangibles:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Deferred leasing costs and in-place lease intangibles(1)
$(7,711)$(9,382)$(24,211)$(28,439)
Lease incentives(2)
$(384)$— $(606)$— 
Below-market ground leases(3)
$(673)$(698)$(2,018)$(2,096)
Above-market leases(2)
$(14)$(15)$(43)$(47)
Customer relationships(1)
$(3,504)$(3,504)$(10,512)$(10,512)
Non-competition agreements(1)
$(412)$(412)$(1,235)$(1,235)
Below-market leases(2)
$1,210 $1,540 $3,942 $4,811 
Above-market ground leases(3)
$11 $11 $32 $32 
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1.Amortization is recorded in depreciation and amortization expenses on the Consolidated Statements of Operations.
2.Amortization is recorded in office rental revenues on the Consolidated Statements of Operations.
3.Amortization is recorded in office operating expenses on the Consolidated Statements of Operations.

During the three and nine months ended September 30, 2024, the Company recorded $0.7 million of impairment charges related to the deferred leasing costs and intangible assets of certain office properties. See Note 3 for details. The impairment charges are recorded within impairment loss on the Consolidated Statements of Operations.