Minimum Future Lease Rentals

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Minimum Future Lease Rentals

Minimum Future Lease Rentals

Future minimum base rentals on non-cancellable office leases for the years succeeding December 31, 2015 are as follows (in thousands):

2016	$	19,448
2017	18,322
2018	14,438
2019	12,333
2020	9,317
Thereafter	24,109
Total future minimum base rental revenue	$	97,967

The above future minimum base rental revenue excludes tenant reimbursements, amortization of deferred rent receivables and below-market lease intangibles. Some leases are subject to termination options. In general, these leases provide for termination payments should the termination options be exercised. The preceding table is prepared assuming such options are not exercised. Lease termination fee revenues were not significant for the year ended December 31, 2015 and $0.2 million for the year ended December 31, 2014.

We have leased space to certain tenants under non-cancellable operating leases, which provide for percentage rents based upon tenant revenues. Percentage rental income is recorded in rental revenues in the consolidated statements of operations. We recorded $0.1 million of percentage rental income for each of the years ended December 31, 2015 and 2014.