Engage in Tampa Bay Q319

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

CURRENT SITUATION

Major Leases Building

Tenant

SF

Deal Type

8800 Hidden River

CitiGroup

135,000 Renewal

Intellicenter

Open Text

21,344 Renewal

NetPark

WiPro

77,050 New

Sabal Business Center VI Charter Communications

50,121

New

Class A Direct Vacancy and Rental Rates

$10.00 $15.00 $20.00 $25.00 $30.00

25.0%

Interstate Corp Center Dept. of Revenue – Child Support

36,591

Renewal

20.0%

15.0%

Major Sales Quarter Sold Building

10.0%

Buyer

Seller

Price

Price PSF Cap Rate 5.0%

$0.00 $5.00

0.0%

2Q17

Tampa Oaks One

The Dilweg Company Osprey Management Company $20,150,000 $122.31

7.8%

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

2Q17

Lakeview @ Hidden River The Dilweg Company Osprey Management Company $17,750,000 $141.33

7.8%

Direct Gross Asking Rental Rate

Direct Vacancy Rate

Class A Direct Vacancy and Rental Rates

Class A Leasing Activity and Absorption

-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

25.0%

20.0%

15.0%

10.0%

5.0%

$0.00 $5.00

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

0.0%

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

Leasing Activity

Direct Net Absorption

Direct Gross Asking Rental Rate

Direct Vacancy Rate

40 Cushman & Wakefield

Gateway

Class A Leasing Activity and Absorption