Engage in Tampa Bay_Q2-2020

THERE ARE NO EXISTING 100,000 SF BLOCKS OF VACANT SPACE IN THE MARKET

CURRENT SITUATION

Class C 270,727 GATEWAY OFFICE MARKET BREAKDOWN

Major Leases Quarter Leased Building Name

Leased SF

Tenant Name

Deal Type

2Q2019 Arrow Point Plaza

Galen College of Nursing

69,138 Renewal

Class A 2,209,027

Class B 2,047,672

4Q2018 570 Carillon

Price My Ride

56,000 New

1Q2020 570 Carillon

Zelis Healthcare

55,000 New

4Q2018 Baker Building-Baypoint Commerce Center

Jabil Circuit

34,956 Renewal

2Q2019 Arrow Point Plaza

Galen College of Nursing

26,026 Expansion

4Q2018 Baker Building-Baypoint Commerce Center

Jabil Circuit

23,765 Renewal

Overall Leasing Activity and Absorption

Overall Direct Vacancy and Rental Rates

-400,000 -300,000 -200,000 -100,000 0 100,000 200,000 300,000 400,000 500,000 600,000

$10.00 $15.00 $20.00 $25.00 $30.00

10.0% 15.0% 20.0% 25.0% 30.0%

$0.00 $5.00

0.0% 5.0%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2Q20

Direct Net Asking Rental Rate

Direct Vacancy Rate

Leasing Activity

Direct Net Absorption

52 Cushman & Wakefield