Engage in Tampa Bay_Q2-2020

THE I-75 CORRIDOR IS A KEY MARKET FOR CAMPUS-STYLE CORPORATE ENVIRONMENT

CURRENT SITUATION

Major Leases Quarter Leased Building Name

I-75 OFFICE BREAKDOWN

Leased SF

Deal Type

Tenant Name

Class A 4,148,334

1Q2019

8800 Hidden River

CitiGroup

135,000 Renewal

3Q2019

Highwoods Preserve VII

Metlife

115,230 Renewal

3Q2019

Highwoods Preserve V

MetLife

60,794 Renewal

Class B 3,081,081

Class C 548,090

1Q2020 Tampa Oaks One

Aspen University

29,562 New

4Q2019

Hidden River Corporate Center III United Insurance Management 26,678 New

3Q2018

Hidden River Corporate Center III Datalink Services Fund Solutions

26,141

New

3Q2018

Intellicenter - Tampa Phase I

Open Text

21,344 Renewal

Overall Leasing Activity and Absorption

Overall Direct Vacancy and Rental Rates

200,000 400,000 600,000 800,000 1,000,000

$18.00 $19.00 $20.00 $21.00 $22.00 $23.00 $24.00 $25.00

25.0%

20.0%

15.0%

10.0%

(400,000) (200,000) 0

5.0%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2Q20

0.0%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2Q20

Leasing Activity Direct Net Absorption

Direct Gross Asking Rental Rate

Direct Vacancy Rate

38 Cushman & Wakefield