Engage in Tampa Bay Q319

Class A Direct Vacancy and Rental Rates

$0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00

25.0%

Class A Direct Vacancy and Rental Rates

20.0%

25.0%

15.0%

20.0%

10.0%

5.0% 10.0% 15.0%

0.0%

5.0%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q3 Class A Direct Asking Rental Rate 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q3 Class A Direct Vacancy Rate Class A Leasing Activity and Absorption Class A Direct Asking Rental Rate Class A Direct Vacancy Rate

$0.00 $5.00

0.0%

-600,000 -400,000 -200,000 0 200,000 400,000 600,000 800,000 1,000,000 -600,000 -400,000 -200,000 0 200,000 400,000 600,000 800,000 1,000,000

Class A Leasing Activity and Absorption

METWEST THREE • This will be the fourth office building in the MetWest International project bringing the total to 1 Million square feet. MetWest International is 99% leased.

• 250,000 RSF building • 100% pre-leased to PwC • Delivered in November 2019

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q3

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q3

Leasing Activity

Direct Net Absorption

Leasing Activity

Direct Net Absorption

I-75 Corridor

I-75 Corridor

“The timing for new office space couldn’t be better, Westshore is at a historically low vacancy at around 10%with MetWest office space at 1% vacancy, interest in the new building’s remaining 100,000 square feet will be brisk.” - Angela Odell, Cushman &Wakefield Senior Director of Brokerage Services

Cushman & Wakefield

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