Cushman & Wakefield – Nelson Mullins RFP Response

• Architects: basic services including furniture estimated at $7.00 (2.01) • Other Consultants: PM, lighting, acoustical, etc. estimated at $5.00 (2.03) • Construction: communications cabling is estimated at $3.00 (2.04) • MEP Engineer is estimated at $2.00 (2.02) • Estimated TI Allowance is $50.00 • Furniture, Fixtures & Equipment (FF&E) is estimated at $25.00 (3.01)

• Audio Visual Equipment is estimated at $10.00 (4.09) • Security System: card readers is estimated at $1.50 (4.10) • Move: main office is estimated at $3.50 (5.01)

Manhattan (Relocation) • Construction: base contract increased to $120.00 from the original $115.00 (1.01)

• Architect: basic services including furniture increased to $9.00 from the original $6.75 (2.01) • Other Consultants: PM, lighting, acoustical, etc. increased to $4.50 from the original $3.00 (2.03) • Construction: communications cabling increased to $4.00 from the original $2.50 (2.04) • MEP Engineer increased to $2.50 from the original $2.40 (2.02) • Estimated TI Allowance decreased to $70.00 from the original $90.00 • Security System: card readers increased to $1.50 from the original $0.88 (4.10) New Jersey (Relocation) • Construction: communications cabling increased to $4.00 from the original $2.50 (2.04) • Estimated TI Allowance increased to $30.00 from the original $27.50 • Security System: card readers increased to $1.25 from the original $1.10 (4.10) Philadelphia (Renovation in Place) • Construction: base construction decreased to $70.00 from the original $115.00 (1.01) • Architect: basic services including furniture decreased to $3.00 from the original $6.75 (2.01) • Other Consultants: PM, lighting, acoustical, etc. decreased to $1.00 from the original $3.00 (2.03) • Construction: communications cabling decreased to $2.00 from the original $2.50 (2.04) • MEP Engineer decreased to $1.50 from the original $2.40 (2.02) • Estimated TI Allowance decreased to $40.00 as the expected TI’s for a renovation is place with a lease renewal of 5 to 10 years is $25.00 to $40.00 San Diego (Renovation in Place) • Construction: base contract is estimated at $80.00 (1.01). Construction costs from shell for Class A finishes in spaces less than 10,000 SF are running about $80-$85 PSF

• Architect: basic services including furniture is estimated at $3.50 (2.01) • Other Consultants: PM, lighting, acoustical. Etc. is estimated at $2.00 (2.03) • Construction: communications cabling is estimated at $1.00 (2.04) • MEP Engineer is estimated at $1.50 (2.02)

• Estimated TI Allowance is $40.00. On a 10 year deal, which are also rare in this market, the landlord will essentially provide a tenant with 2 x the base rent in TI Allowance. Class A office space rental rates range from $16.50 - $18.50 NNN • Furniture, Fixtures & Equipment (FF&E) are running around $8.00 - $10.00 (3.00)

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