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

88.3

88.3

88.3

89.2

92.4

94.2

99.2

107.0

112.0

Inventory (MSF)

Overall Net Absorption (MSF)

799,863

1.8

2.8

2.8

3.3

3.4

2.6

4.6

9.7

14.0% 12.1% 8.9% 6.6% 6.3% 4.5% 6.8% 9.3% 5.3%

Overall Vacancy

0

63,750

0

858,000

3.2

1.8

5.0

7.8

5.0

Completions (MSF)

23,750

0

858,000

1.8

1.8

4.0

6.5

3.2

4.7

Under Construction (MSF)

COMPLETIONS / NET ABSORPTIONS

VACANCY

HISTORICAL AVERAGE = 6.9% Historical Average = 6.9%

NET ABSORPTION / COMPLETIONS

12.0

10.0%

9.0%

10.0

8.0%

7.0%

8.0

6.0%

6.0

5.0%

Millions

4.0%

4.0

3.0%

2.0%

2.0

1.0%

0.0

0.0%

2012

2013

2014

2015

2016

2017

2018

Q4 2012

Q4 2013

Q4 2014

Q4 2015

Q4 2016

Q4 2017

Q4 2018

OVERALL NET ABSORPTION COMPLETIONS

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q4 2018

55