C&W Industrial Insider Year-End Report_Q4-2018

Industrial Insider Year-End Report

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018

62.8

62.9

63.0

65.7 70.4

74.0

76.1

79.3

83.1

Inventory (MSF)

Overall Net Absorption (MSF)

920,319

3.6

2.4

4.5

2.4

3.2

4.6

3.2

2.8

19.2% 13.5% 9.9% 6.8% 9.5% 9.7% 6.1% 5.8% 8.4%

Overall Vacancy

776,483 28,417

85,500

2.7

4.6

3.7

2.1

3.2

3.8

Completions (MSF)

Under Construction (MSF)

0

85,500

1.1

4.5

3.6

2.3

3.7

1.6

3.8

COMPLETIONS / NET ABSORPTIONS

VACANCY

Historical Average = 8.2%

.0%

NET ABSORPTION / COMPLETIONS

HISTORICAL AVERAGE = 8.5% Historical Average =8.5%

2.0 2.5 3.0 3.5 4.0 4.5 5.0

.0%

14.0%

12.0%

.0%

10.0%

.0%

8.0%

.0%

Millions

6.0%

1.0 1.5

.0%

4.0%

2.0%

.0%

0.0 0.5

0.0%

Q4 2012

Q4 2013

Q4 2014

Q4 2015

Q4 2016

Q4 2017

Q4 2018

2012 2013 2014 2015 2016 2017 2018

.0%

Q2 2010 Q2 2011

Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018

OVERALL NET ABSORPTION COMPLETIONS

OVERALL VACANCY RATE

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q4 2018

35